Biden ballot numbers on Covid and financial system fall in CNBC All-America survey

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President Joe Biden maintained his overall approval rating in the recent CNBC All-America Economic Survey, but showed weakness in two key areas as public opinion on the economy and the outlook for the virus deteriorated.

In the poll of 802 American adults nationwide, 48% agreed to the job Biden does as president, one point more than in the first quarter. But its rejection numbers rose from 41% to 45%.

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The biggest change was in his views on his handling of the coronavirus, where approval dropped 9 points to 53%; Biden’s economic approval fell to 42%, down 4 points or just above the survey’s 3.5-point margin of error.

“I think it all comes down to COVID,” said Jay Campbell, partner at Hart Research Associates and Democratic pollster for the survey. “If the COVID situation had continued to improve as it did in the first quarter, all of these numbers would look very different. And ultimately someone has to be responsible for that. And right now it’s Joe Biden. “

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The president’s ratings declined along with deteriorating views on the economy and the virus. The survey carried out at the end of July shows that 51% of the population are pessimistic about the economy and the outlook, the highest level since 2015. Only 22% assess the economy as positive and are optimistic.

“The rise in Covid and soaring inflation makes for a dire outlook for the next 12 months than we have measured since the 2008 recession,” said Micah Roberts, partner with Public Opinion Strategies and the Republican polling firm for the survey. “Forty-three percent say the economy will deteriorate next year, at its highest level since June 2008.”

Inflation is also a problem

One bright spot: 59% said that they could find another job with similar or better pay in the area in which they live. Confidence was evident across all race, income and age groups, but was particularly strong among 18-34 year olds, a sign of a tight labor market.

When asked about the two most pressing issues, respondents chose coronavirus as their primary concern, followed by a link between immigration and inflation, and then a link between climate change and crime. Infrastructure, on which the President has made significant efforts, is the least important issue, voted only by 4%.

The public’s top priorities mask significant differences between the parties. While the virus and climate change are the main topics for the Democrats, none of the Republicans ranks in the top five. Instead, Republicans say immigration, crime and inflation are their main themes. Independents said the virus was their top concern, followed by immigration, crime and inflation.

Speaking of the virus, Americans say the nation could put new restrictions in place because of the Delta variant they fear: 73% said they were worried there might be new bans, 68% worried about a new one Deaths and hospital stays increased, 55% were concerned about mask requirements and 50% said it could delay workers returning to their offices.

Inflation seems to be driving down spending. 86 percent of those surveyed said they had taken at least one step to combat the rise in prices. The most common remedy was to reduce spending on unnecessary items, such as eating out, but respondents also said they drive less, travel less and save less money.