When Joe Biden was elected president, a common refrain was that he would usher in a new era of “normalcy” after four chaotic years of President Donald Trump. But in certain ways, normalcy hasn’t returned. This is visible first and foremost in the inflation rate, which in May was higher than at any point since 1981.
But this growing inflation, and the resulting pessimism about the economy, has restored one thing to normal: the historical relationship between how Americans view the economy and how they view the president. …
Biden’s approval rating is lower now that consumer sentiment has dropped. The size of that relationship — depicted in the blue line — is almost identical to the relationship that existed from 1961 to 2008. CONTINUED
John Sides (Vanderbilt) & Robert Griffin (Democracy Fund Voter Study Group), Monkey Cage
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