The current interest rates are not high in historical terms. The fact that we have had generational low interest rates for the last decade and that is unwinding is not a sign the economy is poor. If individuals, primarily the opposition part want to try to attack oil prices or say that the economy is poor, it is not accurate. So the question is why??? Where is this coming from. Nearly 90% of homeowners have loans locked in at significantly lower rates, and an article came out in August stating how some owners feel locked into their house due to the low interest on their loans. thus the majority of people are not being effected by the higher interest rates. Home prices are up primarily due to the lack of supply. Nothing that Joe has done, but a lack of new building by Home producers. This is still cause and effect relationship from the 2008 crises. Again this has nothing really to do with the economy. It is more an offshoot. He is being punished for the interest rates, and partially his doing of adding additional unneeded stimulus in his first year. But you remove that and we are likely still in the same predicament. Maybe not quite as bad but pretty close.
That story is behind a paywall, but the sum of the parts is Biden has a heck of an economy. Why individuals are ignorant who knows. You continue to push the polling numbers, even though it isn't an accurate portrayal of what is occurring. So yes I do think Republicans and Fox has been very effective at hammering, interest rates, high oil prices and anything else they feel they can hammer that has shown up in the polling numbers. Here is 1 snippet, only 35% think Joe is doing a good job keeping the unemployment numbers low. They are at historic lows, not just good, not even great, generationally low and he only gets a 35% rating. That is just dumb.
As to the deficit, yes when you are handed less % tax money's coming in by the previous administration and you have rising interest rates and spending has not declined, you will end up growing a deficit faster than the previous administration, Just like Trumps was higher than each of the 4 years of Obama and Obama's was higher that Bush.
So in a nutshell, you do have lower income individuals feeling the cost of living has risen more than their wages, although wages are actually starting to grow faster than inflation, and the lower income, for a stretch in late 2020 were getting wages much higher. Look I think Joe is old and someone else should run for the democrats. However that isn't the argument. In actuality he is doing a damn fine job, but there is only so much a president can really do regarding the economy. Primarily not try to F it up. So far so good on that. I don't think the fed can induce a soft landing, but as long as unemployment stays low it should be awfully shallow.