It's been a tough month for Washington's approval ratings, as Congress has hit new lows and general economic confidence sank. President Obama is also being dragged down, not only because of partisan bickering over the debt deal, but because of a stagnant and volatile economy, which was one of the President's strongest issues when he came into office. Now Obama has hit a new low in the Gallup tracking poll at 38 percent approval.
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Even though there is no lack of bad news, Obama is still far away from President Bush's low, which was 25 percent. The current President has had strong staying power in his approval rating, despite bruising legislative battles with Congress and the continuation of global conflicts: as the graph below shows, it has remained around the 50 percent mark.