Breaking: President Joe Biden’s Approval Ratings Reach Their LOWEST point After SVB Collapse And The Failing U.S. Economy

National Review

Disclaimer:  This article may contain the personal views and opinions of the author.

President Joe Biden’s approval rating has tanked once again and some evidence points to the failing U.S. economy amid the latest bank collapses as the reason. 

Political commentator Bill O’Reilly said he’s not sure how Biden has an approval rating above zero, but low and behold, he does. 

According to U.S. News and World Report: 

“Just 38% of Americans approve of the job Biden is doing, according to an AP/NORC poll released Thursday, down from 45% last month.

Since last month, perceptions of Biden’s handling of the national economy have grown more negative, the survey says, as recent banking failures have added to inflation woes that have gripped the nation for months. 

While the White House has attempted to dispel concern with assurances of economic stability, just 31% of Americans approve of Biden’s handling of the economy.

Biden’s approval rating reached the lowest level of his presidency in July, at 36%, as rising costs began to be felt by Americans. Since then, his approval has hung above 40%.

Meanwhile, perceptions of the direction the country is heading in also declined since last month, according to the survey, conducted March 16-20. 

While 28% of Americans said the country was heading in the right direction last month, just 21% say the same in the survey’s latest polling.

The survey comes as Biden prepares for an anticipated reelection campaign. Appearing around the country in recent weeks, the president has attempted to walk a fine line between appeasing middle-of-the-roaders while trying not to alienate progressives in his party, all the while facing concerns over his age.

But polls have pointed to Democrats’ shifting sentiments in recent weeks, believing that their party has a better chance of winning the White House with Biden as its nominee. 

And among Democrats, 76% approve of Biden’s job performance, while 63% approve of his handling of the economy.”

A 29-year-old doctoral student in New York said, “If Biden is doing his job, why in a state like this can you see people really suffering?” 

She added that she expected “just a little bit more stability with the economy.”

A Michigan resident and Republican voter in 2020 considers Biden average and blamed him for causing inflation with out-of-control government spending.

He noted that “we poured so much money into the system — that’s a little frustrating that we were shocked that we got hit by inflation when a lot of our policies were inflationary,” according to the Associated Press.​

Now with the Silicon Valley Bank bailout, we’re about to see the government print more money, starting the cycle all over again.

Too much money chasing too few products is the formula for rising inflation.

How will this play out concerning the 2024 presidential election?

In recent polls, Biden seems to be slipping while former President Trump is rising.

While some expected Biden to announce his run for re-election, he has not made a formal campaign announcement. His office insists that is his intent, however.