If the Democrats have any chance to beat the odds, they will need a lot more to get on their way.
On that front, one of the most promising signs for Biden is the state of the economy. Voters see it rotating at a very high speed.
This is significantly higher from 54% three months ago to 43% in May and 34% in May 2020.
Prior to this latest Gallup poll, every poll since April 2020 saw a lot of Americans saying that the economy was getting worse than better. It came down from last April, when 74% said the economy was deteriorating. As recently as January 2021, 66% of Americans said the economy was deteriorating.
Now, not every poll shows voters’ perceptions of the economy as good, according to CNN and Gallup surveys. But all these show that voters are significantly more optimistic on the economy than they were a year ago.
It seems that voters are getting at least some of the credit that voters increasingly see as a good economy. The CNN poll placed its approval rating on the economy 50% among voters. This was equal to their overall approval rating in a poll of 52% with voters.
In fact, all respected voting have Biden with an economic approval rating above their disapproval rating.
Now, Biden has more people rejecting his job on two of the country’s top problems (economy and coronavirus).
The type of rapid change in the way the US economy viewed the state fell in late 2007 and 2008 compared to the previous time. 54% of Americans said the economy was in good condition in September 2007. Polls took until January 2017 to hit that level again.
It is about 10 years for the final recovery. It took Americans only one year to reach the same level with the economy during this recovery.
During this last recovery, a different Democratic president was facing his first midterm in 2010.