Is it time for Biden to go?
In March, President Biden witnessed a significant decline in his approval rating, reaching a near-low point, as the U.S. economy faced multiple challenges such as bank failures and other financial difficulties, posing a potential threat of a financial crisis.
A recent survey conducted by The Associated Press and the NORC Center for Public Affairs Research (AP-NORC) revealed that President Biden’s approval rating has plummeted to 38%, a notable decline from his 45% rating in February. The dip in popularity coincides with the recent failures of Silicon Valley Bank and Signature Bank, which have added to the existing concerns about a potential economic downturn.
There seems to be uncertainty surrounding President Biden’s decision to continue serving as the President of the United States. Despite repeatedly affirming his intent to run for re-election in 2024, he has not made a formal announcement regarding his candidacy. Although several commentators anticipated a campaign announcement following his State of the Union address in February, Biden has not taken that step yet.
Certain individuals within the Democratic Party have raised concerns about President Biden’s age and are advocating for younger leadership to represent the party in the upcoming 2024 elections. If Biden were to be inaugurated in 2025, he would be 82 years old, which has prompted concerns about his ability to effectively serve as president.
Biden’s approval ratings have been unfavorable since August 2021, with his lowest ratings recorded in July 2022 during a period of soaring gas prices and inflation. At that time, only 36% of respondents approved of his job performance, while approximately 57% disapproved.