Then there is inflation. Rising prices are overwhelming all good economic news in recent days, including low unemployment and a buoyant economy. Although initially many economists thought that the price increases would be “transitory,” the widely accepted outlook is that inflation will remain high for a while. One Nevada voter, Laura Godinez, who told CNN she used to lean Republican but had shifted toward the Democrats in recent elections, commented: “I don’t want to say this, but when Donald Trump was here, it was nothing like this.”

Does this all add up to a doomed presidency? That question will naturally enter into the minds of Democrats as they speculate about where this is heading, particularly with the distinct possibility that Trump could run again in 2024.

Those who are worried should find some solace in the fact that contemporary presidents have been able to come back from difficult moments like these. Challenging first terms don’t inevitably put a commander in chief on path toward a one-term presidency. It’s possible to struggle in the polls, deal with difficult economic challenges and criticism from different factions of one’s own party and still go on to be considered a successful two-term president.

Just look at Ronald Reagan, who served from 1981 until 1989, and is considered one of the most transformative presidents in recent times.