OPINION: This article may contain commentary which reflects the author's opinion.
Fox News White House correspondent Peter Doocy took White House Press Secretary Karine Jean-Pierre to task over the stock market plummeting.
During the press briefing, Doocy asked Jean-Pierre about the Dow Jones, Nasdaq, and the S&P 500 crashing this week and wiping out all of the gains made since President Joe Biden took office a year and a half ago.
Doocy turned Jean-Pierre into a stuttering mess with just one question: “President Biden once bragged about the stock market ‘hitting record, after record, after record on my watch.’ How about now?”
Below is a transcript of the exchange:
Jean-Pierre: “Go ahead.”
DOOCY: “Thanks, Karine. President Biden once bragged about the stock market hitting ‘record after record after record on my watch.’ How about now?”
Jean-Pierre: “Meaning the stock market —“
DOOCY: “All the gains from President Biden’s time in office have been wiped out.”
Jean-Pierre: “So, as you know, we are watching — we’re watching closely. We know families are concerned about inflation and the stock market. That is something that the President is — is really aware of. And so, look, we face global challenges. We’ve talked about this. This is — we’re not the only country dealing with what we’re seeing at the moment as it relates to inflation. You know, Putin — Putin’s price hike, inflation, coming — coming out of a once-in-a-generation global pandemic — all of those things play a factor. And, you know — but the thing — the way that we see this is that the American people are well positioned to face these challenges because of the economic historic gains that we have made under this President — under this President in the last 16 months.”
Biden has yet again turned in his lowest ever approval rating in a poll conducted by Quinnipiac.
The new poll found that Biden’s approval rating plummeted to 33% in January, April, and now June.
Biden’s overall rating is getting weighed down by Independent voters, with only 21% saying they approved of Biden’s performance in office compared to 66% of them that disapprove.
Below are Biden’s approval/disapproval ratings in several key states:
–New Hampshire: 36/53
–New Mexico: 36/52
–New Jersey: 39/50
Since Democrats assumed control of all three branches of government a year and a half ago, the nation has suffered from record-high gas prices, 40-year-high inflation, and a record-setting southern border invasion.
QUINNIPIAC POLL: Biden’s approval rating has fallen to 33% as Americans are spending $460 extra a month. pic.twitter.com/pQCaJd9jnq
— RNC Research (@RNCResearch) June 13, 2022
Democratic lawmakers already nervous about the November midterms are growing increasingly fed-up with Biden as major issues including inflation, soaring gas prices, a baby formula shortage, and a tumultuous southern border continue to go unresolved.
The most recent problem — the baby formula shortage — has demonstrated to many Democrats that the administration is flat-footed and unresponsive to issues that White House officials should have seen coming and been prepared for.
“It’s really simple: ‘Be the f—ing president!” one Democratic strategist who is frustrated and lashed out at the administration told the outlet. “I realize it’s tough and you’re drinking out of a fire hose every single day, but there are things you can do to control the public perception and they haven’t done any of that.”
“Biden did speak out on guns, on baby formula, on inflation … but the traditional tactics aren’t breaking through, and it doesn’t seem as though they’re taking in that information, re-trenching, and trying new approaches when it’s falling flat,” she added.
Other approval surveys have Biden polling in the mid-to-upper 30s, and worse than that on specific issues like inflation and gas prices.
“Part of competence and good management is setting up a system that to the greatest extent possible — it’s never perfect — to the greatest extent possible enables you to get ahead of events,” William Galston, chairman of the governance studies program at the Brookings Institution, said. “The name of the game is to avoid unforced errors.”
“Biden is frustrated. If it’s not one thing, it’s another,” a person close to the president told NBC News late last month.
Several sources who spoke to the outlet said Biden’s rising anger and resentment appear to be having an effect on the Democratic Party, with individual members warring among themselves and pointing fingers at his administration’s failures to make progress on a number of key issues as hurting their chances to maintain congressional control in the fall.