Biden’s approval rating plunges to close to the LOWEST point of his presidency at a dire 38% in poll

President Joe Biden’s approval rating fell close to the low of his presidency last month as his administration faces high-profile bank failures and stubbornly high inflation, according to a new poll.

The study from the Associated Press-NORC Center for Public Affairs Research shows that his approval ratings have dropped from 45 percent last month to just 38 percent in March.

That compares to a low of 36 percent in July, when the country faced crippling gas and food prices.

It means bad news for Biden, who thought the worst was behind him as he geared up for a likely reelection.

Instead, only 31 percent of respondents approved of his handling of the economy — about where it was last year, and a reminder that he faces an uphill battle to reassure voters that he is the best person for the job. is.

The latest figures are the lowest since hitting a low of 36 percent in July last year, as the country faced crippling gas and food prices.

And it comes amid lingering concerns among Democrats and Republicans alike that, at age 80, he is too old to consider a second term.

Interviews with survey respondents suggest that the public has mixed feelings about Biden, rather than the polarized love or animosity that characterizes the country’s polarized politics.

“Neutral to approve,” Andrew Dwyer, 30, said of the president.

“I don’t think he’s the best at representing my position and issues. But I know President holds back his compromises.”

Dwyer, a data analyst in Milwaukee, said he voted for president in 2020 and considers himself a liberal.

He acknowledged the recent failures of Silicon Valley Bank and Signature Bank, but said the economy is adjusting to higher interest rates set by the Federal Reserve to fight inflation.

“We’ve all become so accustomed to cheap debt and the opportunity to throw money around,” Dwyer said. He said there were “pain points” caused by higher borrowing costs, but he thinks the process will “ultimately lead to a healthier economy.”

The president has taken ambitious steps to boost the US economy, with his $1.9 trillion coronavirus relief package starting in 2021, infrastructure investments, support for computer chip factories and taxes for businesses and the wealthy to help fund health care and a shift away from fossil fuels. fuels.

But those efforts include multi-year investments that haven’t yet generated much optimism for a public facing 6% annual inflation.

The president and other government officials have traveled around the country promoting their achievements.

But to many, the economy feels like it’s on the cutting edge after the recent bank failures, as well as the showdown with Speaker of the House Kevin McCarthy, R-Calif., putting the U.S. government at risk of default . .

Only about a quarter of Americans say the national economy is doing well or that the country is on the right track, the poll showed. Those numbers have also fluctuated only slightly in recent months.

The results are based on interviews with 1,081 adults conducted from March 16 to 20. The margin of error is plus or minus 4 percentage points.

The president’s average approval rating, he says, is 43 percent Five thirty eight. The vice president average is 38 percent, according to the statistics blog.

The president has not formally announced that he will seek another four years in the White House, but he has said he intends to do so.

Other polls, like this recent survey from Monmouth University, paint a bleak picture for Biden and his Vice President Kamala Harris as they prepare for a re-election campaign