Poll: Biden's favorability drops to new low in May as Americans lose patience with rising costs and inflation



President Joe Biden’s approval rating fell in May to its lowest point since he took office.

According to a poll published by the Associated Press-NORC Center for Public Research, only 39% of adults in the U.S. approve of Biden’s performance as president.

Overall, only about two in ten adults believe the U.S. is heading in the right direction or that the economy is in a good condition. Fox News reported that in April, about three in ten adults believed both. These drops in favorability were largely concentrated among Democratic voters with just 33% of the president’s own party believing that the country was headed in the right direction, down from 49% in April.

Among Democrats, Biden’s overall approval sits at 73% which indicates a drop from 82% in the same poll from last year. In 2021, Biden never dropped below 82% approval.

Last year, a similar poll conducted by the Associated Press showed Biden had an approval rating of 63% which is 24 points higher than his current approval rating.

Biden’s handling of the economy is one of the largest reasons for his dismal poll numbers as two-thirds of Americans are saying they disapprove of the way his administration has presided over the situation.

According to the poll, only 18% of Americans say that Biden’s policies have helped the economy more than they have hurt it, which is down from 24% in March. At the same time, 51% of Americans say that his economic policies have hurt the economy more than they have helped and 30% of respondents say that Biden’s policies have not made a difference on way or the other.

Biden’s performance in the polls has been slipping since January as several polls conducted across the political spectrum indicate Americans are increasingly frustrated with a wide range of issues stemming from record high gas prices and historic levels of inflation to a nationwide baby formula shortage.

Biden’s poll numbers have suffered hits from constituencies that have historically been reliable voting blocs for Democrats. A recent Quinnipiac poll suggested that Biden’s approval among Hispanics has fallen to 26%, but whether this will affect voting trends remains to be seen. The same Quinnipiac poll conducted a year ago had Hispanic support for Biden at 55%.

The plummeting approval numbers are not confined to Biden, however. Recent polls indicate that Americans are prepared to oust Democrats from Congress. 39% of respondents favored generic Democratic candidates with 46% of respondents favoring generic Republican candidates.

Election betting odds shift in favor of President Trump



Election betting odds are shifting in favor of President Donald Trump as Democratic presidential candidate Joe Biden is underperforming in several key battleground states that political polling projected him to win.

As of 11:30 p.m. ET, European sportsbook Betfair gave Trump -156 odds to win the U.S. presidential election, a 60.6% chance. Biden is at +152 odds, a 39.4% chance to win.

"It appears the betting market may have overreacted to what appears will be a convincing Trump victory in the state of Florida. Betting odds are starting to shift back to former Vice President Joe Biden, though he far from the favorite he was earlier on Election Day," Action Network reported late Tuesday.

The odds for Trump have improved significantly since Monday evening, when Biden was given a two-thirds chance to beat Trump at 11:30 p.m. that day.

As of publishing time, Trump is projected to win the key battleground states of Florida and Ohio and is leading in the vote counts for Georgia and North Carolina. Fox News projected that Biden will win Arizona.

According to the Real Clear Politics average of national polls taken before the election, Biden held an average 7.2 point lead over Trump nationally. Battleground polling gave Biden an average 0.9 point lead in Arizona, a 0.9 point lead in Florida, a 1.2 point lead in Pennsylvania, and Trump a 0.2 point lead in North Carolina.

OutKick also reported betting odds for the election, giving the following odds as of 11 p.m. ET:

Joe Biden: 6/5
Donald Trump: 4/6

"This means Biden is +120 and President Trump is -150. You risk $5 to win $6 on Biden and risk $6 to win $4 on President Trump. This means that President Trump has gone from being a 2-1 underdog as of 5:45 pm ET to being favored," OutKick reported.

Here are the odds from earlier today (times are p.m. ET):

2:45 – Biden 2/5, Trump 2/1
5:45 – Biden 2/5, Trump 2/1
8:00 – Biden 4/5, Trump 1/1
9:35 – Biden 17/10, Trump 3/10
10:00 – Biden 13/5, Trump 1/4
10:30 – Biden 15/8, Trump 4/9
11:00 – Biden 21/10, Trump 1/3
11:30 – Biden 6/5, Trump 4/6

"Clearly, President Trump has picked up considerable steam throughout the day, especially in the later hours, mirroring the 2016 race. However, that momentum has receded a little bit to become a closer race," OutKick reported.

Majority of voters say they're better off under Trump after 4 years; higher than Obama in his re-election year



A majority of Americans say they are better off under President Donald Trump than they were four years ago, according to a new Gallup poll. The Gallup survey found that voters were more satisfied during President Trump's four-year term than the first terms of former Presidents Barack Obama and George W. Bush, new polling data has revealed.

Gallup's Sept. 14-28 poll found that 56% of U.S. registered voters believe they are better off now under President Trump compared to four years ago.

President Trump celebrated the news on Twitter: "The Gallup Poll has just come out with the incredible finding that 56% of you say that you are better off today, during a pandemic, than you were four years ago (OBiden). Highest number on record! Pretty amazing!"

Trump is the only president in 36 years of Gallup polls to have a majority of respondents say they are better off now than they were four years ago.

In 2012, when then-President Obama was seeking reelection, the same question was asked by Gallup, and 45% said they were better off than they were four years earlier.

In 2004, when then-President George W. Bush was up for reelection, 47% said they were in a better place than four years prior.

President George H.W. Bush was seeking reelection in 1992, and he scored a lowly 38% on the same question.

In 1984, 44% of voters said they were happier under then-President Ronald Reagan's first term.

Gallup does not have polling for 1996, when Bill Clinton was president.

Gallup started asking registered voters in 1984: "Are you better off today than you were four years ago?" The question is based on a famous quote by former President Ronald Reagan.

During the 1980 presidential campaign, then-Republican nominee Reagan asked the audience that same question during his one and only presidential debate against then-Democratic President Jimmy Carter.

In a "60 Minutes" interview from 2014, President Obama used Reagan's memorable question, "Are you better off today than you were four years ago?"

Reagan 1980 Are you better off than you were four years ago? www.youtube.com

In Gallup's poll of a random sample of 905 registered voters, they were asked their opinions about President Trump and Democratic presidential candidate Joe Biden. The poll found that 49% of registered voters agree with President Trump "on the issues," compared to 46% who aligned with former Vice President Biden.

However, 49% of voters said Biden has "the personality and leadership qualities that a president should have," versus 44% who viewed Trump as presidential.

The poll has a margin of error of plus or minus 4 percentage points.