Gallup/Rasmussen: Obama's Approval At All-Time Low, 38%/-26

I know Obama's approval rate has been slowly dropping, but anyone know what event triggered the latest crash? I assume its the release of conservative ads on television of late?

The data from the August 25 Gallup Poll, shows an all time low approval for Obama at 38% and disapproval at 55%. The Rasmussen Reports Presidential Tracking Poll also hit a record low with 19% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as president while forty-five percent (45%) Strongly Disapprove, giving Obama a Presidential Approval Index rating of -26.
Note that no President has won re-election with an approval of less than 47% per Gallup, but then again there is still plenty of time between now and the election.

To put this in perspective though, other presidents Gallup approval rating at this time of their third year:
Dwight Eisenhower: 71%
George H.W. Bush: 68%
John Kennedy: 56%
George W. Bush: 51%
Ronald Reagan: 47%
Bill Clinton: 46%

Sorry Momofmany, but that seems to be trying to find some roundabout way to blame the failings of the Democrats on the Republicans. The Democrats dropped the ball and failed us, but only because they weren't harsh enough on the Republicans... wait, what?

The Democrats controlled virtually all branches of government, and held closed sessions (despite repeat campaign promises of transparency) and for the first time in history even used veto power on minority review of one of the most expensive bills this country has ever seen (thanks Pelosi) based on a blatant lie.

And on the deficit, to pretend that the tremendous amount of spending of this administration is not the obvious issue here is pretty ludicrous. Dubya spent far too much IMO, but he had a paltry $160 billion budget deficit before Democrats took over Congress, and Obama with a Democratic Congress has exceeded a $1 trillion deficit every year.

And to show actual numbers to touch base with reality, the 40% highest income households have never paid such a large share of total federal tax liabilities (86% of TFTL) in the history of the United States government. In 1979 for example, the top 40% highest income households paid 40.7% of TFTL, less than half the tax burden of today. While I'd love to see these rediculously overpaid CEOs take massive paycuts since their worth to society is no where near their compensation (one of the failings of a free market economy unfortunately), it should be obvious that the rich are upwardly mobile and soaking them will simply encourage the shifting of resources overseas, and you'll end up with a similar situation to "white flight" in Detroit but on a national scale. There also simply aren't enough of them to sustain this level of expenditure, and when they are already generating near 90% of TFTL, how much more can you possibly hope to wring from them to attain increased revenue? The numbers don't add up.

If the American people are unhappy because Obama isn't liberal enough, then why did they kick the Democrats out of congress in favor of more conservative leadership, why were Republican presidents before this administration seeing so much higher approval ratings, and why are Republican candidates like Ron Paul actually winning mock campaigns against Obama in Rasmussen polls, since surely they can't be LESS liberal than Obama?

Ultimately though, I think people on a very basic level had a lot of high hopes for the Obama administration, some perhaps unrealistic. Obama was not the messiah they had hoped for that was going to pay all their bills for them, and they don't have jobs and they don't have money, and so they aren't betting on that horse anymore.

Depends on who that candidate is, as SOME are already way ahead in all polls in that regard. Go Ron Paul!!!

Sadly though, undecideds and moderates actually aren't all that important unfortunately, which is how we ended up with a virtual nobody with no experience like Obama running this country IMO.

Generally speaking, only around half of those eligible to vote actually bother to show up to vote. I don't think most are cripplingly lazy, but its like in the South Park episode when the available options are equally unappealing there is little motivation for them to make the effort as they seem equally bad!

Someone that is far left or far right though can capture 100% of a particular minority group's far left or right wing base to get them all hyped and showing up at the polls (or driving around in buses and picking up homeless people like Acorn lol), and that can make all the difference when so few citizens vote. Here's crossing my fingers though that the trend starts to reverse itself and we get most of middle-America out there for 2012!!!

I was referring to the failure of the tremendous debt incurred ($5 trillion since he took office... trillion, hard to wrap your mind around such numbers) with ineffectual spending and state of the economy with such high sustained unemployment, the mishandling of affairs overseas with confused half-measures (Iran, Egypt, and Libya alike) and Nobel peace-prize warmongering (far greater deployment than even during Dubya's peak "surge"), the sad budget proposal that stereotypicaly raised taxes and increased spending and ignored the issue of entitlements and didn't endorse any part his own commission's deficit reduction plan leading to a reduction in the US credit rating, bowing down figuratively to the UN as he did literally to foreign leaders, did virtually nothing to deal with the Gulf crisis other than to create an unconstitutional permitorium in its wake that devastated economies in the South, and other such matters.

What list of successes would you attribute to the administration that you can stand back, take a look at, and admire? He spent the first two years of his administration strong-arming Obamacare on the American people, and clearly its been very unpopular. And as a figurehead, has he united the American people and made them feel proud of their country? I don't think so, considering Michelle's comments from the beginning that she had never been proud of the US and Barack's comments about "America's arrogance". Even if its a bit embellished, I like to feel proud of my country and believe that is a positive influence good leadership can instill (JFK/Reagen were great in that regard IMO).
No, I don't and I agree that is ridiculous, as that was long ago. Bush spent far too much, as I said and you won't get a lick of argument from me there, but I was pointing out that your comment that the reason we have so much debt is because of the small tax break rather than the unheard of level of deficit spending of this administration that even makes Dubya seem stingy and frugal is pretty silly.

Too small? Who is a mainstream economist that was willing to put his name behind a statement like that? Adjusted for inflation, its been the largest deficit spending spree that this nation has ever seen in its history unless you count WW2 as an economic stimulus. The other huge issue was not just how much was spent, but how immensely poorly it was spent, going to politicians pet projects, unions, and pork barrels. The money could have been far more effectively spent IMO by allowing the people to keep more of the money that they themselves earned, and providing incentive to spend it in recognized domestic growth sectors of the economy via instant rebates. This was done for housing for example, which was actually quite a successful venture to help stem the avalanche of the housing-bubble crash created by government bullying banks into risky subprime lending to buy minority and low-income votes.

Oh well, at the very least I'm happy to see that the American people are more than ready for a change in leadership at least at present. My fear though is that Obama will make an announcement that he's going to dump a few more trillion dollars of our tax money onto his supporter base to buy back their vote.