Even if the market has been doing better recently, a new Harris Poll found that the majority of Americans still think the US is in a recession. The survey indicated that slightly more than half of American adults think the US economy is contracting and experiencing a recession and that the stock market index is falling. From May 10th to the 12th, 2,119 individuals from throughout the United States were polled; the margin of error was not specified.
Public responses to rising prices are old news by now, but the amount of Americans thinking inflation is growing is noteworthy. As a result of this extrapolation going viral, there has been a “vibe-cession” in which Americans are pretty critical of the present economy despite their historically more favorable attitudes about economies that were much poorer and experiencing substantially higher and growing unemployment rates.
The replacement of conventional media with social media—which inherently leans toward the negative, the apocalyptic, and the unfiltered and unfiltered—explains the attitude in vice-cession.
As a communicator, Biden has failed miserably in his attempts to dispel the negative impression that his detractors have painted of him, which has contributed to the vibe-cession.
The economic figures from the Harris Poll are related to Biden’s disappointing figures in a symbiotic relationship. At least for the time being, he is bringing down people’s economic evaluations, which in turn brings him down. No chicken-and-egg dilemma is more disheartening than this one, as it is unclear whether public opinion on the economy or Joe Biden can be changed.
Fewer individuals will inform pollsters that we’re in a recession if the public is forced to reconsider the Biden question in light of the June 27th debate with Trump, particularly when compared to Trump. If it doesn’t, a sizable portion of the Democratic National Convention delegates will be hoping for and considering a different presidential candidate when they arrive in August.
