With Major Policy Wins, Joe Biden’s Presidency & Approval Ratings Are Finally Looking Up
President Joe Biden‘s last year in the White House has been marked by low approval ratings, but the numbers are finally on the rise as his signature social spending bill finally passed through Congress and the economy is beginning to look up just in time for the November elections.
Abroad, the Biden administration carried out the long-sought assassination of Al-Qaeda leader Ayman al-Zawahiri, who played a crucial role in planning and execution of the September 11, 2001, attacks, in a drone strike on July 31.
As for his domestic agenda, Biden secured a huge legislative win as Senate Democrats finally agreed to the passage of the $740 million Inflation Reduction Act.
It is aimed at combating climate change, investing in green energy programs and allowing Medicare to negotiate prices on prescription drugs for the first time. It also represents the largest commitment to fighting climate change by the U.S. government ever by dedicating around $370 billion to the cause.
On Tuesday, Biden signed into law the CHIPS Act, which will allow the U.S. to become more independent from China in semiconductor chip manufacturing, which will also boost national security.
Gas prices have also fallen beneath $4 for the first time since March.
A Tuesday Reuters/Ipsos survey revealed that Biden’s approval rating has risen to 40%, which is up from his lowest mark at 36% in May. The poll showed that Democrats are the biggest reason for the uptick. Seventy-eight percent of Democrats now say they approve of Biden, which is a nine-point increase from the 69% approval rating he got from his own party in July.