Tim Scott was just asked about government spending. In a March poll by AP-NORC, 88 percent of Republicans said that the federal government is spending too much. However, in the same survey, a majority of Republicans thought the government was spending too little on some key areas, including border security (85 percent), law enforcement (67 percent), infrastructure (61 percent), Social Security (57 percent), military (57 percent) and education (52 percent).
-Analysis by FiveThirtyEight

I wrote about this earlier, but high consumer prices are probably the biggest way that Americans understand the economy. Biden's trying to make the case that overall the economy is on the upswing, and he has some data points to back him up. And there's not a lot the president can do about inflation. But voters have been sour on the economy since Biden took office. Fifty-three percent of Republican voters said getting prices under control was a top issue in a FiveThirtyEight/Washington Post/Ipsos poll released today.

— Analysis by Monica Potts of FiveThirtyEight

"Our country is in decline," DeSantis said in response to the first debate question, on the economy. "This decline is not inevitable. It's a choice. We need to send Joe Biden back to his basement and reverse American decline."

DeSantis also took a swipe at the president's son Hunter, criticizing Hunter for selling high-priced artwork while other people are struggling to afford groceries.

"It starts with understanding we must reverse Bidenomics so that middle-class families have a chance to succeed again," DeSantis said, referring to the name that the White House has used to popularize what they see as the president's successful platform.

I am here in Milwaukee in the spin room. If you think journalism is glamorous, let me disabuse you of that notion. The media is being housed in what is essentially a parking garage at the FiservForum and the bathrooms are outside porta-potties. By the way, it was a 100-degree day in Milwaukee, so just going to the bathroom is a bit of an experience. And yes, I would like some Wisconsin cheese with my whine. Anyway, I'll be quiet about the plight of the reporters, we are here to hear about the plight of Americans and what these candidates have to say about it. Let's begin!
–Analysis from Galen Druke of FiveThirtyEight

Why are voters so dissatisfied with Biden’s economy?

That’s one of the questions that will shape the 2024 race as Republicans gear up to select a presidential challenger. Right now, only 36 percent of American adults approve of Biden’s handling of the economy, according to an AP-NORC poll from Aug. 10-14. Similarly, a Fox News poll from Aug. 11-14 found that only a quarter of American voters say Biden’s policies have made the economy better. Some of this is affected by partisanship: A large majority of Republicans disapprove of his handling of the economy, but Democrats aren’t over the moon either, with only about two-thirds approving, according to the AP poll.

It’s tempting to think this is all a hangover from last summer’s doldrums, when inflation peaked at 9.1 percent last June. Consumer prices might be the most obvious way that everyday Americans interact with the economy. Inflation today is still 3.2 percent higher compared to this time last year, which means prices are still above what they were before the pandemic.

The fact that the job market remains strong, with unemployment at historic lows and wages rising, hardly makes an impact when people feel like they’re spending more every time they go to the grocery store and are struggling to pay down debts amid high interest rates. But the truth is, Americans’ view of the economy overall was low when Biden took office during the wobbly beginnings of the COVID-19 recovery, and has never risen above 50 percent.

What do people want from federal policy? They support measures such as taxing the wealthy and corporations more — more than three-quarters of all Americans approve, including 90 percent of Democrats and 63 percent of Republicans, according to an Ipsos/Reuters poll. As it happens, that policy is part of Biden’s Inflation Reduction Act, his signature inflation-fighting legislative win, but less than half of Americans say they know about the bill.
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Biden is working to promote the Inflation Reduction Act and other legislative accomplishments as part of “Bidenomics,” but the fact that there’s a gap between what Biden is doing about the economy and how people feel about it leaves plenty of room for Republican attacks. Indeed, DeSantis has promised to roll back Biden’s economic policies. And the polling so far suggests that, even if the economy improves even more in the next year, Biden might not get credit for it.

-Analysis by Monica Potts of FiveThirtyEight