Biden-Harris Failure: Economy Fomenting Serious Turmoil
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Key Takeaways
- Public sentiment on the Biden-Harris economy is negative, with criticism of inflation, government debt, border policy, and jobs.
- While there is some acknowledgment of positive developments, the predominant narrative is dissatisfaction with calls for new leadership and economic management.
- Data suggests economic issues are likely to remain a significant point of contention and discussion as the nation navigates its current economic landscape.
Our Methodology
Demographics
All Voters
Sample Size
66,000
Geographical Breakdown
National
Time Period
90 Days
MIG Reports leverages EyesOver technology, employing Advanced AI for precise analysis. This ensures unparalleled precision, setting a new standard. Find out more about the unique data pull for this article.
American discussions about the Biden-Harris administration’s economy are becoming more chaotic as the election nears. Discourse reflects discontent about inflation, government spending, and border control.
Inflation
Inflation is one of the top concerns among American voters. Many believe, regardless of CPI reports, that inflation has reached unprecedented levels under Biden's presidency. There is frequent anguish about increasing grocery prices, gas prices, and overall living costs.
A sense that "everything costs more" dominates many conversations about the economy. People are frustrated over inflation rates, blaming the Inflation Reduction Act (IRA) for failing to curb inflation. People say the IRA only increased government expenditures on initiatives that are non-essential and which Americans do not support.
Spending and Debt
Another significant area of lament is the national debt and fiscal policies. There are regular criticisms of federal spending, arguing Biden's administration has increased the national debt dramatically. Many also say the relief and infrastructure initiatives increasing this spending are not helpful.
This discourse is often intertwined with complaints about government inefficiency and corruption, particularly allegations that funds from the Inflation Reduction Act are being misallocated. Concerns about social welfare programs and their economic impact also feature prominently. Some say Biden’s policies are moving the country towards unsustainable socialist economics.
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Discussion is Growing Turbulent
Following the assassination attempt on Donald Trump and Joe Biden dropping out of the presidential race, online discussion has become increasingly volatile. Particularly after July 7, discussion volume and sentiment has fluctuated significantly.
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Economic Issues
- Before July 7, fluctuations in discussion volume and sentiment regarding the economy were minimal.
- After, discussion saw up to a 34% decrease, with volumes dropping from an average of 8,602 to as low as 5,670. However, the high after July 7 reached 8,920.
- Sentiment fluctuated more widely, with a 17% increase from an average of 43% to a peak of 50%. The low dropped to 39%, which is a 9.6% decrease from the pre-July 7 average.
Inflation
- Before July 7, fluctuations in discussion volume and sentiment regarding inflation were minimal.
- After July 7, discussion decreased 48%, with volumes dropping from an average of 2,864 to as low as 1,488. The discussion peak was 4,230.
- Sentiment varied with a 26% increase from the average of 43% to a peak of 54% and a low of 39%, which is an 8.6% decrease from the pre-July 7 average.
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Border Problems Amplify Economic Problems
Border policy and its economic implications form another substantial part of the discussion. Online commentary frequently highlights dissatisfaction with the current state of border control, blaming the Biden administration for the illegal immigration crisis. Voters argue it burdens taxpayers and strains public resources. These points often include broader critiques of the administration's overall immigration strategy and the economic fallout from it.
Lack of Jobs, Disbelief About Jobs
Critics also voice concerns about job creation and employment. There is a significant amount of skepticism about official job creation statistics under Biden. People say the numbers are misleading. They say gains are from reemployment post-COVID lockdowns rather than genuine job creation. American workers often attribute rising unemployment rates and layoffs to Biden's economic policies, presenting a starkly negative view of the job market.
Government Jobs, the Sole Benefactor
However, not all conversations are critical regarding jobs. Some discussions acknowledge positive outcomes under Biden's administration, such as swift job recovery post-pandemic. Some also appreciate investment in infrastructure and clean energy, and international diplomacy that enhances economic stability. Supporters argue these initiatives have set a solid foundation for long-term economic resilience despite current challenges.
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