J​​oe Biden's presidency was meant to be defined by calm, experienced competence. Yet just nine months into his term, he has been teetering on the brink of failure. Vicious infighting within his own party has threatened to torpedo his ambitious domestic agenda, encapsulated in two sprawling pieces of legislation that Democrats have not yet been able to vote out of Congress. Even before the bickering over the bills, Biden's claim to competence, based on more than 40 years in Washington, had been shredded by a calamitous exit from Afghanistan and an ongoing crisis at the southern border. Meanwhile, the off-year election results suggest Democrats will take a beating in the midterms, the COVID-19 pandemic grinds on, inflation is on the rise and there's sideline carping every day from the president's predecessor, Donald Trump, who seems to be campaigning three years early for a 2024 return to the White House.

Even as Biden announced the terms last week of a $1.75 trillion framework to salvage his signature "Build Back Better" legislation—cut in half from the bill's original $3.5 trillion price tag—his approval rating was taking a beating. The latest Real Clear Politics average has just 42 percent of Americans approving of the job Biden has done so far, while 52 percent disapprove; that represents a sharp downturn over the past two months and a nearly 14-point drop overall from his post-inauguration peak of close to 56 percent. No president in the modern era, not Jimmy Carter, not even Donald Trump, has fallen out of grace so swiftly this soon into a presidency.