President Obama's approval ratings are tanking - and for the first time ever, his numbers are sub-50.
What. A bummer.
Politico.com has the stats:
"..President Obama's job approval numbers will dip below 50% for the first time today in Gallup's daily tracking poll, according to a Gallup official.
"Gallup Daily tracking results just in. Obama will be below 50% for the first time when we update our numbers at 1:00 p.m.," wrote Gallup.com managing news editor Lymari Morales on Twitter.
His approval numbers have bounced down to the 50% mark several times, driven by weaker support from independents and Republicans, but hadn't crossed it.
The slide is worrying for the White House, but it's probably not yet panic time. Ronald Reagan's approval numbers dropped well below 40% during the depths of his first term recession. If Obama's bad stretch puts him in the high forties or low fifties, that's not a crippling political problem. If he languishes there or drops further, it may become one.