Analyst discusses how inflation is likely eroding Biden’s numbers

Dec 4, 2021, 11:40 AM
President Joe Biden speaks to members of the media before boarding Air Force One at Minneapolis-Sai...
President Joe Biden speaks to members of the media before boarding Air Force One at Minneapolis-Saint Paul International Airport in Minneapolis, Tuesday, Nov. 30, 2021, after visiting Dakota County Technical College in Rosemount, Minn. (AP Photo/Carolyn Kaster)
(AP Photo/Carolyn Kaster)

SALT LAKE CITY — As prices on grocery items tick up, President Joe Biden’s approval ratings are sinking. But an elections analyst said it’s too early to say if the downturn will doom the president’s chances of being re-elected in 2024.

Nathaniel Rakich of FiveThirtyEight joins the Dave & Dujanovic show on KSLNewsRadio to reveal how inflation is tanking Mr. Biden’s approval ratings.

Rakich said Mr. Biden is seeing his worse approval ratings right now, according to FiveThirtyEight. As of Friday, almost 52% of those polled disapproved of the president’s job of leading the nation while nearly 43% approved.

“These are among the worst numbers that he’s had throughout his presidency,” Rakich said, adding inflation is likely keeping Mr. Biden from lifting his approval rating.

Mr. Biden’s Build Back Better safety-net bill would spend $1.75 trillion over 10 years on clean energy, child care, child tax credits, paid family leave and hearing aids for Medicare enrollees.

“According to polling, 56% of Americans believe that passing the Build Back Better Act would lead to more inflation,” Rakich said.

2024 election a lifetime away

Debbie asked how inflation is likely to impact the president’s chances to become re-elected if he chooses to run again.

“I feel pretty confident in saying that Republicans will have a good year next year,” Rakich said. “I think 2024 is just a lifetime away in politics.”

Rakich said, for example, President Barack Obama did not fare well in the 2010 midterm elections but was handily re-elected in 2012, defeating Republican challenger Mitt Romney.

“There really isn’t a correlation of one election outcome to the next election outcome,” he said.

“Do the polls show that people are confident that . . . inflation is going to continue or that we’re starting to peak?” asked Dave.

Rakich said he had not seen any long-term polls, but one found a majority of respondents saying the costs for the holidays will increase this year.

A record number of Americans say they won’t be buying holiday gifts this year

US feeling pinch of inflation but economy is good, says economist

Dave & Dujanovic can be heard weekdays from 9 a.m. to noon. on KSL NewsRadio. Users can find the show on the KSL NewsRadio website and app, as well as Apple Podcasts and Google Play. 

Today’s Top Stories

Dave & Dujanovic

bill teachers parents...
Eliza Craig

Controversial bill challenged by teachers now on hold

UEA has a petition opposing a bill that would require teachers to post all learning materials online for parents.
2 days ago
WASHINGTON, D.C. - APRIL 19, 2018:  The U.S. Supreme Court Building in Washington, D.C., is the sea...
Simone Seikaly

Utah professor: Supreme Court nominee short list features great options

On the campaign trail, President Joe Biden promised to choose a Black woman Supreme Court nominee if given the chance. A Utah law professor likes his options.
2 days ago
real snow fake snow...
Curt Gresseth

No snow for the Games? Olympian says fake flakes can give athletes an edge

Actual snow is less predictable and consistent than artificial snow said a two-time Olympic skier that joined Dave & Dujanovic this week.
4 days ago
Analysis by Jill Dougherty, for CNN

The West fears Russia is about to attack Ukraine. But that’s not the way Russians are seeing it on TV

In Moscow's view, repeated in nearly every newscast and talk show, Ukraine is a failed state entirely controlled by the "puppet master" -- the United States.
4 days ago
talk about salary...
Curt Gresseth

When to talk about salary with your kids; former treasurer weighs in

Should you talk about your salary with your kids? If yes, when in their lives do you tell them? A Former Utah state treasurer weighs in.
5 days ago
mask mandates in utah...
Curt Gresseth

“Not unexpected” said Dr. Dunn after mask mandates in Utah shot down

Exec. director at Salt Lake County Health, Dr. Angela Dunn discusses repealing mask mandates in Utah and the importance of face masks in public.
9 days ago
Analyst discusses how inflation is likely eroding Biden’s numbers