Since months, Americans have been largely unimpressed with President Biden’s performance. Even Democrats and an alarming number of independents are becoming less positive. Gallup’s latest report on Biden, after months of low approval ratings, came the week that he announced his reelection bid in 2024 via a prerecorded message.

In their latest survey, only 37 percent of Americans approve of Biden and his job. This is the lowest level of Biden’s tenure as president. Gallup conducted the survey from April 3 through April 25, the date Biden announced his re-election bid.

Biden’s approval rating is now five points lower than it was in February and three points lower than March. Gallup reported that Biden’s “job approval average” for his ninth quarter of office (which spanned from Jan. 20 to April 19) has dropped steadily, “to 39.7%”, also “the lowest average quarterly in his presidency.”

Biden’s average approval rating for his ninth quarter as president is lower than that of both Jimmy Carter and Donald Trump in the same period.

Separated by party, only 83 percent still approve of Biden’s job, while independents’ approval of the president has fallen to 31 percent. This is a nine-point drop from the February poll. Biden’s job performance is rated as good by just four percent of Republicans.

Biden’s mismanagement is, like it has always been, a millstone that hangs around the necks of Presidents:

Gallup’s Economic Confidence Index summarizes Americans’ ratings of current economic conditions, and their perceptions about whether the economy is improving or getting worse. In the latest survey, 16% of respondents rate the economy excellent or good. 37% said it was “only fair”, and 47% were poor (up from March’s 43%).

In March, 23% said the economy was improving and 72% said it was getting worse. Now, 19% of respondents say that it is.

These numbers are probably because despite his promise to rebuild America better than before COVID-19 he has not been able to recoup the jobs lost in the pandemic. He also triggered decades-high inflation and put the U.S. into a recession with surging unemployment.

Gallup offers more reasons for those who ask themselves if they are better off now than they were in four years’ time to answer with an easy “no”.

Gas prices and inflation are still high today, but they’re lower than they were a year ago. In an effort to reduce inflation, the Federal Reserve has raised interest rates. The job market is strong with unemployment hovering at 3.5%. In recent months, however, dozens major U.S. firms have announced plans to reduce their workforce. In the last few months, two of the biggest bank failures ever in U.S. history occurred for Silicon Valley Bank (Significant Bank) and Silicon Valley Bank.

Many economists believe that a possible recession in the near-future is imminent, and that the federal government faces an impending deadline for raising the national debt ceiling or it will be unable pay its bills.

Gallup’s bottom-line? Biden’s decision for a second term is at the lowest point of his presidency, while “his support has been mainly stuck in the lower 40% range since the U.S. withdraw from Afghanistan”, an embarrassing and fatal boondoggle. Now it has dropped below 40% for only the second time during his presidency as Americans’ trust in the economy continues to slip.