A recent Gallup poll reveals that President Biden’s approval rating has reached a historic low, which further adds to the struggles of his administration. The poll shows that only 37% of Americans approve of his job performance, making this his lowest rating since he took office. Even members of his own party and a significant number of independent voters are starting to become dissatisfied with his leadership. The poll was conducted between April 3 and April 25, which coincides with the day when Biden announced his intention to run for reelection in 2024 via a pre-recorded video.
Biden's Devastating New Job Approval Rating https://t.co/HxMi7NkY74
— Townhall.com (@townhallcom) April 28, 2023
Compared to March, Biden's approval rating has decreased by three points, and compared to February, it has decreased by five points. The consistent decline has caused his job approval average for the recent nine quarters to drop to an all-time low of 39.7%. This is also lower than the approval ratings of both Jimmy Carter and Donald Trump during the same period of their presidencies.
Joe Biden’s job approval rating as president is now 37%, the lowest in his presidency to date. https://t.co/jfaRzy9dgH pic.twitter.com/LJ2FW6ZM0M
— GallupNews (@GallupNews) April 27, 2023
Biden's approval rating is notably impacted by his handling of the economy, which is not surprising. Despite his promises to "build America back better than it was before COVID-19," he has not been able to fully recover all the jobs lost during the pandemic. The economy has been hit hard by the combination of this, along with inflation levels that are at their highest in decades. As a result, the country is headed towards a recession with rising unemployment rates.
According to the Economic Confidence Index published by Gallup, only 16% of Americans view the economy as being in excellent or good condition, while 47% believe it is poor. In March, these numbers were at 23% and 72%, respectively. Additionally, only 19% of Americans think the economy is improving, while a significant 75% believe that it is in decline.
In addition, a potential recession and an impending debt limit are concerns among many economists, particularly given the recent failures of two of the largest U.S. banks.
Based on Gallup's analysis, Biden's decision to run for a second term comes at the most challenging point of his presidency. His approval ratings have been stagnant at around 40% since the U.S. withdrawal from Afghanistan, which was a significant setback for his administration. Now that his ratings have fallen even further below the 40% threshold, Americans are losing trust in the economy.