Armstrong Economics Blog/Politics Re-Posted May 27, 2022 by Martin Armstrong

Amid soaring inflation and a declining quality of overall life, Americans are beginning to wake up and realize that the current administration is on the wrong track. Joe Biden’s approval rating fell to 39% — a new low. The Associated Press-NORC Center for Public Research found that only 2 in 10 Americans believe the US is on the right track. Republicans and Democrats both agree that the current administration is failing the people. Only 33% of Democrats believe the country is on the right path, marking a sharp downturn from the 49% rating in April. The multitude of distractions from Ukraine to Roe v. Wade is not helping the Democrats’ bid for the upcoming midterms.