• By The Financial District

Biden's Political Future Daunting

In 2021, Joe Biden’s presidency began with early success, not long after a violent insurrection at the Capitol by diehard supporters of Donald Trump, who scurried out of office when these desperate schemes failed.


Photo Insert: US President Joe Biden's approval rating has declined by 25 percentage points since the start of his term—leaving him nearly as unpopular as Trump at this point of his presidency.



In 2022, a reversal of fortunes is likely. Whatever verve the Biden administration still has may be killed off after the mid-term elections in November—a date that will also mark the unofficial start of the next presidential contest, which at this point seems a prelude to Donald Trump’s re-coronation, The Economist commented.


Consider first the flagging fortunes of the son of Scranton. After early success at passing a gargantuan stimulus package, Biden’s presidency became stuck.



The blows came one after the other: high inflation, fueled partly by fiscal stimulus, an unrelenting pandemic, the chaotic withdrawal from Afghanistan that Trump started, and the White House’s inability to whip Democratic majorities into voting for legislation.


His approval rating has declined by 25 percentage points since the start of his term—leaving him nearly as unpopular as Trump at this point of his presidency. Before Christmas, a pivotal senator dealt a death blow to the Build Back Better Act (BBB), a package of climate-change mitigation and social benefits which was meant to be the signature legislation of his presidency.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The Economist is known far and wide as the champion of the sedentary financial capitalist class in the United Kingdom.



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