(CNSNews.com) - President Barack Obama’s job approval rating hit 41 percent in the Gallup poll on Thursday, matching its all-time low.
Each day, Gallup surveys about 500 Americans, asking them if they approve or disapprove of the job the president is doing. It then publishes the president’s average approval rating for the three previous days.
President Obama’s all-time peak approval rating in the Gallup poll was 69 percent, which he achieved in the three-day period ending on Jan. 24, 2009, just after his inauguration.
He has previously hit his all-time nadir of 41 percent three times--in the three-day periods ending on Aug. 17, Aug. 18 and Oct. 23 of last year. The approval nadirs he hit in August 2010 were while Congress was on its summer recess and members of Congress were home meeting their constituents. The Oct. 23 nadir caming shortly before the November elections, when voters swept the Democrats from their majority control of the House of Representatives.
The current nadir in Obama’s approval comes in a three-day period that straddled the moment when the president delivered a major speech outlining his plan for dealing with the national debt. In that speech, Obama said America would not be a great country were it not for Medicaid, Medicare and Social Security and unemployment insurance and called for what he described as tax increases on “millionaires and billionaires.”
Also last Friday, Obama agreed to a budget deal with House Speaker John Boehner (R-Ohio) and Senate Majority Leader Harry Reid (D.-Nev.). That deal would result in $3.755 trillion in federal spending this year—which amounts to $773 billion above the level of federal spending in fiscal 2008.
The president's approval numbers dropped all week. Obama’s approval rating in the Gallup poll for the three-day period that ended Monday was 46 percent. On Tuesday, it dropped to 44 percent. On Wednesday, it dropped to 42 percent. And on Thursday, it dropped to 41 percent.
Also from Monday to Thursday, the percentage telling Gallup they “disapproved” of the job Obama is doing jumped from 46 percent to 50 percent.