President Joe Biden is having difficulty persuading voters that he is handling the economy well.
In the past weeks, Biden and his team have pushed "Bidenomics," a catchphrase to represent his economic priorities and a callback to President Ronald Reagan's "Reaganomics." However, rather than championing a trickle-down system, Biden is adamant about a ground-up approach. For him, this means building the economy back "from the bottom up and the middle out."
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However, according to a new Associated Press-NORC poll, this isn't sinking in with the public. Only 36% of adults said they approve of Biden's handling of the economy. The figure is lower than the 42% who approve of Biden's performance overall. These numbers are not a significant departure from where they stood in past months despite the administration's efforts to highlight improvements in the economy.
Among Democrats, the number that approves of Biden's handling of the economy is much higher, at 65%. But this lags compared to the 76% who approve of his job handling overall.
Further, only 34% of adults said the economy is very good or somewhat good.
Under Biden, the unemployment rate has fallen to 3.5%. But the public still doesn't feel like things are going well economically. This is particularly important as the economy has been named the most critical point of the 2024 election by voters.
In an effort to convince voters that Biden can and will handle the economy better than the Republican front-runner for the nomination, former President Donald Trump, Biden's campaign has started hitting him over a collapsed manufacturing deal in Wisconsin that failed to deliver a promised 13,000 jobs.
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"Wisconsinites remember when Donald Trump promised 13,000 manufacturing jobs and a new Foxconn plant to their state. They also remember when that never happened," Biden campaign spokesman Kevin Munoz said in a recent statement.
Democrats in the battleground state are also homing in on the drastic scaleback by Foxconn in Wisconsin. In a Wednesday press call celebrating the first anniversary of the Inflation Reduction Act, Democratic Party of Wisconsin Chairman Ben Wikler said, "The contrast between the failures of the Trump-Walker era and the job growth and record on record low unemployment numbers for our state that we've experienced under the Biden-Harris and [Gov. Tony] Evers [D-WI] administrations could not be more stark."