Republicans perform far better than Democrats when asked which political party better handles the economy. With a 14-point edge over Democrats, a new Gallup survey shows the GOP has the largest lead since 1991.
The majority of respondents, 53%, said they believed Republicans were more likely to “do a better job of keeping the country prosperous,” compared to 39% who supported Democrats, a rise from the 10-point gap last year.
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The GOP’s double-digit lead on key economic issues correlates to President Joe Biden’s low approval rating for his job performance, with 58% disapproving, according to Gallup. Ahead of the 2024 election, people consistently have a negative outlook on “Bidenomics” in national polling, despite the president’s efforts to boost his economic strategy on the campaign trail.
Republicans have attacked Biden’s economic agenda, with GOP presidential candidates often using it as a talking point while pushing their plans to reduce inflation to lower living costs. Biden has sought to contrast Bidenomics with “MAGAnomics,” ramping up criticism against Republicans in a speech in Maryland last month.
“Their plan, ‘MAGAnomics,’ is more extreme than anything America has ever seen before,” Biden said while discussing members of Congress narrowly avoiding a default on the nation’s debt in the spring. “Just months ago they went further than anyone has ever gone, threatening to default on the debt.”
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In past surveys, which Gallup has conducted since 1951, Democrats have held the edge on many issues. The latest polling shows people also favor the GOP on matters of national security, where they lead the Democrats by 22 points. When asked which political party will “do a better job of protecting the country from international terrorism and military threats,” 57% showed support for Republicans, compared to 35% for Democrats.
Both Democrats and Republicans are viewed unfavorably, with the GOP holding steady numbers in the past couple of decades. Currently, 56% view the Republican Party unfavorably, while 42% view it favorably. Democrats are falling on similar margins while usually holding the lead, with 58% having an unfavorable view of the blue party and 40% a favorable view.
