It looks like the biggest drop in approval ratings is with young voters:https://www.msn.com/en-us/news/politics ... uxbndlbingThe decline among young voters has been largely fueled by female Democrats, 61% of whom approve of Biden’s performance, compared to 78% of Democratic male voters, according to the poll.
Democrats under the age of 35 were less likely to believe Biden is prioritizing a host of issues including voting rights, the economy and inflation compared to the average Democrat.
These are the voters who are not yet jaded on politicians.
Inflation and the economy are big ones. Rent is outrageous and those young people are priced out of homes. Try buying a car today; the sticker shock is outrageous.
Take a look at the 70 year chart on oil prices. Start thinking about prior political mindsets for oil prices.https://www.macrotrends.net/1369/crude- ... tory-chart
The oil shocks of the 1970s created pessimism and a national angst.
The declining prices in the 1980s created hope (do the young people here remember really nice cars only having 150 hp engines?).
That 2008 bubble where "buy now or be priced out forever in real estate?"
Everything is priced in oil. For everything needs energy to be made and transported. We now have oil above the price people tolerate politically, in my opinion. If green energy is to become the alternative, it needs to be competitive at under $70/bbl oil.
Regular working people, in particular parents, are hurting in this economy. While some is outside the President's control, there is a perception the current president strangled oil expansion a year ago.
Everyone should look at the money supply chart. Look at the maximum scale. We have more money, far more money, chasing a shortage of goods (housing, cars, gasoline, and to some degree food). We quantitative eased for too long and then really did ourselves in.https://tradingeconomics.com/united-sta ... -supply-m2
I had relatives in the hospital working through the covid crisis, but we didn't open up early enough (goods shortage due to idle labor). e.g., we are seeing a massive spike in productivity with a mandated in office 3 days per week schedule.
I recall how high oil and inflation doomed Carter. https://www.foxnews.com/media/white-hou ... ng-low.amp
Seriously, young parents panicked over the baby formula shortage. Hopefully significant crops come out of Ukraine as I personally believe there will be a global food crisis soon the makes the 1970s oil crisis minor.
The cure has to be better than the disease. I really hope we don't see the fallacy of price controls. In particular as half of the current inflation is vehicle related (see link). I can see some rationing coming, but that is going to be a tough political sell.https://news.dominion-cs.com/the-cure-f ... gh-prices/
What needs to be done is old fashioned government stockpiling ("government cheese'). e.g., why doesn't the USA produce food and fertilizer like it used to?
There is a chart on approval ratings with time for various presidents. I believe Biden best compares to Carter. A president elected after a poorly regarded president. The difference is the plummet in Biden's rating with time. https://www.nbcnews.com/news/us-news/pr ... n-n1277509
I'm seeing a trend that must be reversed. 1st step is to stop printing so much money (supply & demand). 2nd fix the homelessness and crime situation. Anyone who was an adult in the 1990s knows how that becomes all voters care about.https://www.wsj.com/amp/articles/democr ... 1654716817