One could argue that Joe Biden has accomplished a great deal in the first year, while often having disappointments and shortcomings.
Two major pieces of legislation were accomplished (The American Rescue Plan, and the Physical Infrastructure legislation), and the only reason why the Build Back Better bill and voting rights have failed to be accomplished is the opposition of two Democrats–Joe Manchin and Kyrsten Sinema–and the reality of an equally divided Senate for only the third time in American history!
While inflation has become a major problem, the stock market dramatically rose, more jobs were created in the first year of a Presidency than any other administration, and the unemployment rate has dropped to a very low rate.
There are still the issues of the COVID 19 Pandemic, and the disaster of Afghanistan withdrawal, but the first issue was unpredictable as the worst health crisis in a century, and the second would have been the same result had Donald Trump stayed on as President, since he had made a deal with the Taliban without Afghanistan government involvement, to leave in May 2021, NOT as occurred in August 2021!
So some disappointing developments in the first year of a Presidency are not unique to the 46th President!
When one looks back at other Presidencies, it is actually quite common that the first year of a Presidency is a learning curve, and does not reflect on whether such Presidents will be, in the long run, successful, and also have the possibility of successful reelection.
The following Presidents had very successful first years—Theodore Roosevelt, Woodrow Wilson, Franklin D. Roosevelt, Lyndon B. Johnson, George H. W. Bush!
Three Presidents had what could be described as mixed records in the first year in office–Dwight D. Eisenhower, George W. Bush, and Barack Obama.
The following Presidencies in the 20th and 21st century were far from successes in their first year:
Harry Truman 1945
John F. Kennedy 1961
Richard Nixon 1969
Gerald Ford 1974-1975
Jimmy Carter 1977
Ronald Reagan 1981
Bill Clinton 1993
Donald Trump 2017
Among these eight Presidents, four—Truman, Nixon, Reagan, Clinton–won reelection.
So it is not time to say that Joe Biden will fail to succeed, as he already has in many respects, and it is not time to say he cannot win reelection fo a second term!