CNBC senior economics reporter Steve Liesman on Thursday reacted to CNBC’s All-America Economic Survey showing President Joe Biden’s approval rating plummeting in the third quarter.
According to Liesman, the poll shows Americans have “soured” on Biden’s economic leadership, “lost some confidence in his handling of the coronavirus,” and have become “increasingly concerned” about inflation and supply shortages
“[P]resident Joe Biden’s approval rating slipping sharply into negative territory in the third quarter, CNBC All-America Economic Survey as Americans soured on his economic leadership, lost some confidence in his handling of the coronavirus, and they grew increasingly concerned about the inflation and supply shortages that show up in our poll,” Liesman outlined on “Squawk Box.” “Biden’s approval rating fell from 48% last quarter to 41% now, and disapproval rising seven points to 52%. So those numbers put them together; they put Biden’s net approval rating 11 points underwater. His economic approval now 14 points negative. He still has a positive rating on his handling of the coronavirus, but that’s declined as well. Still plus five, though.”
“These numbers come after a quarter that saw a surge in the virus, a surge in inflation, the rise in labor and supply shortages that our poll shows Americans have clearly noticed, and an agenda that stalled in Congress,” he added.
Follow Trent Baker on Twitter @MagnifiTrent