According to Gallup, Barack Obama entered the presidency with a net approval rating (i.e. percent approve minus percent disapprove) of 56%. This past weekend, he was at just +1%. No newly elected President has fallen so far so fast since polling began.
Some pundits that the drop is entirely due to the stagnant economy. They like to draw a comparison to Ronald Reagan, whose numbers fell quickly as he dealt with a recession early in his term. No doubt some of Obama's decline is related to the recession, but the 44th President - unlike the 40th - was elected when the economy was already contracting. This gives Obama political cover that Reagan did not have. Just 7% of Americans, according to a recent CBS News/New York Times poll, blame Obama for the recession.
