Jonathan Last notes that the stock market is at record highs, yet a new CNBC poll finds just 44% of voters say they strongly or somewhat approve of President Biden handling of the market, compared to 56% who somewhat or strongly disapprove.
“Voters have decided they think Biden is doing a bad job in general, and they are applying that verdict to everything he touches. That’s how you get a political death spiral…”
“Yet no matter how irrational voters have suddenly become, Biden’s administration needs to figure out how to rationalize them. I don’t know if this is a comms problem. Or a policy problem. Or a state-of-the-world problem.”
“But it is a problem. And it if Biden’s team doesn’t fix it, they’re in a world of trouble.”
Save to Favorites