A recent Financial Times and the University of Michigan Ross School of Business survey found that former President Donald Trump is preferred above current President Joe Biden on economic issues. The study indicated that 42% trust Trump’s economic leadership, 31% Biden, and 21% neither.
Trump vs Biden
Trump and Biden’s relationship has hurt the economy after Special Counsel Robert Hur’s revelations regarding Biden’s handling of classified files and concerns about his age and mental health. Hur stated Biden missed key occasions like his son Beau’s brain cancer death while vice president.
Despite some promising personal and national economic progress, Biden’s ability to influence public opinion on economic topics is unclear. Erik Gordon, a Ross School of Business professor, said Biden’s economic optimism hasn’t resonated.
While some have seen tiny financial gains, many believe Biden’s actions have damaged the economy. Biden’s 36% economic management approval rating shows his incapacity to convince.
Ideological Split and Economic Inequality in Survey
The report reveals America’s ideological divide and economic disparity. Few Republicans favor Biden’s economic management, while most Democrats do. Income, education, gender, and age also show inequality, with lower-income Americans favoring Trump more.
Nikki Haley and others tout their credentials, but Trump wins the GOP race. Economically, Republicans trust Trump and Biden more than Haley.
The study underlines the importance of wise economic management in shaping public opinion and election results during economic instability and political conflicts.