Many are quick to label this presidency a failure based on circumstances not necessarily caused by policy. With all domestic issues the buck stops with the POTUS and anyone who seeks the office knows this going into it. Biden is getting his ass kicked deservedly or undeservedly depending how you look at it.
But remember Obama was getting his ass kicked back in 2010. He went from a 60% approval rating all the way down to low 40s. All things economy ebb and flow but just remember when things get better make sure own up to your premature TD celebrations.