The One's Approval Rating Slowly Dropping

This isn't too surprising since there's always a honeymoon period for a new president, but this one seems a big short. Rasmussen now has his approval rating at 58%, disapproval at 40%, a slight improvement from two days ago when the numbers stood at 57% and 41%, record lows for Obama. His record highs were 65% and 30% on January 21.

He's still slightly ahead of the 53% he got in actual vote totals.

And slightly ahead of the 55% approval rating I predicted by April 15th.

There's another poll out there that has more troubling info:

NEW YORK (AP) - Investors' sagging confidence has pulled the major stock market indexes to their lowest levels in nearly 12 years.

The Standard & Poor's 500 index fell to April 1997 levels Monday, while the Dow Jones industrial average reached its levels of October 1997 as investors succumbed to their growing worries about a recession that has no end in sight.

Most financial stocks were pounded even as government agencies led by the Treasury Department said they will launch a revamped bank rescue program that includes the option of increasing government ownership in financial institutions without having to pour more taxpayer money into them.

As I write this the Dow is down 139 points to 7,226. 6,000 here we come.

UPDATE: Dow lost another 111 points to close down 250 at 7,114.