Approval of President Joe Biden has dipped slightly since a month ago, nearing the lowest point of his presidency as his administration tries to project a sense of stability while confronting a pair of bank failures and inflation that remains high.
President Joe Biden speaks at the White House Conservation in Action Summit at the Department of the Interior, March 21, 2023, in Washington.
Dwyer, a data analyst in Milwaukee, said he voted for the president in 2020 and considers himself to be liberal. He acknowledged the recent failures of the Silicon Valley Bank and Signature Bank, but he said that the economy is adjusting to higher interest rates set by the Federal Reserve to combat inflation.
But those efforts involve multiyear investments that have yet to provide much optimism to a public dealing with annual inflation at 6%. The president and other administration officials have toured the country to promote their achievements. But to many, the economy feels as though it could be on a knife’s edge after the recent bank failures, as well as the debt limit showdown with House Speaker Kevin McCarthy, R-Calif., that could put the U.S. government at risk of defaulting.
McComas said he believes inflation is the direct result of government spending to counter the pandemic, a claim that Biden has personally rejected when asked by reporters.“We poured so much money into the system — that’s a little frustrating that we were shocked that we got hit by inflation when a lot of our policies were inflationary,” McComas said.
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