The Republican Party has the largest edge ever over Democrats with voters on the economy, according to a new poll.
An NBC News survey released Tuesday shows the GOP with a 21-point lead over the Democratic Party when it comes to who Americans trust more to handle the financial system. The difference is the largest in the poll’s history, which dates back more than three decades to 1991.
The poll, which consisted of responses from 1,000 registered voters taken from September 15-19, found that 49% of Americans favor Republican economic policy as opposed to 28% who favor Democrats’. The margin of error is 3.1%.
It also showed Republicans with leads beyond the margin of error on the issues of border security (50% for Republicans-20% for Democrats), crime (46%-20%), immigration (45%-27%), and protecting constitutional rights (43%-35%). Democrats held sizable leads on the issues of education (30%-40%), coronavirus (26%-37%), abortion (28%-46%), and healthcare (22%-45%).
Two pollsters conducted the poll: Republican pollster Bill McInturff of Public Opinion Strategies and Democratic pollster Jeff Horwitt of Hart Research.
“On this survey after 20 or 30 years, Republicans dealing with the economy [versus Democrats], immigration and crime are all at their all-time highs,” McInturff said, according to NBC News.
“The other thing that is maybe not expected is these phrases: ‘protecting our constitutional rights’ and ‘protecting democracy.’ These are things where overall the electorate thinks Republicans are more focused and would do a better job than Democrats,” he added.
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The economic numbers suggest that Americans are not buying the Biden administration’s optimistic message on the economy. The White House has made a concerted effort to sell Americans on the president’s economic agenda, even adopting the shorthand tag “Bidenomics” to refer to the president’s economic policies.
The effort so far appears to have flopped. A Washington Post-ABC News poll published on Sunday shows Americans are overall pessimistic about the state of the U.S. economy. Nearly three-quarters of Americans believe the economy is either “not so good” or “poor” compared to just a quarter who rate the economy as “excellent” or “good.”
Inflation remains above the Federal Reserve’s 2% target, and Fed chairman Jerome Powell stated last month that the Federal Reserve board may not be done hiking interest rates.
“We have tightened policy significantly over the past year. Although inflation has moved down from its peak — a welcome development — it remains too high,” Powell said. “We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.”