President Obama’s job approval rating has started to break the very important 50 percent mark according to three new national polls. The CBS News/New York Times poll found him at 50 percent approval to 43 percent disapproval, CNN/ORC International has him at 50 percent approval to 48 percent disapproval, and the Democracy Corps poll puts him at 50 percent approval to 46 percent disapproval.

Obama should be in serious political trouble and to a degree he would be if the Republican nominee is Mitt Romney. According to the same poll in a hypothetical match-up it would be Obama 47 – Romney 46; but since this is a poll of all adults Romney would likely hold a modest edge among those likely to actually go vote.

More Americans now think marijuana should be legal than approve of Obama’s job performance as President. Gallup found 50 percent of American adults think marijuana should be legal, but they found only 41 percent of Americans approve of Obama’s job performance, while 52 percent disapprove. Those numbers won’t help Obama’s voter turnout efforts in 2012.

While President Obama’s job approval numbers had being trending steadily downward since the May bump following the killing of Osama Bin Laden, his job approval numbers appear to have stabilized over the past two months. Every day since August 9th Obama’s job approval number has fallen between 43-38 percent, and his disapproval number has been between 48-54 percent in Gallup daily tracking poll.

Two new national polls both find that Congress’ job approval rating has reached a new historic low. Americans want Congress to fix the unemployment problem and the economy, but Congress is fixated on deficit hysteria. No wonder more people want to “occupy” public squares and demand change

The drop in approval for Obama came mostly from Democrats as well as those who don’t identify with the two major parties, mainly because Obama’s job approval ratings among Republicans were all ready so low there wasn’t much room for it to fdrop lower. In the past few months Obama’s job approval number among Democrats dropped by 10 points from 79 percent in June to 69 percent now. The erosion in support among “non-partisans/others” was even greater, dropping 13 points, from 58 percent in June to only 45 percent now.

According to Gallup, President Obama’s job approval number has dipped below 50 percent among Hispanics for the first time in his presidency. This year’s decline is steep, having gone from 60 percent approval in January to only 48 percent approval now.

Three new national polls were released this morning and all of them paint a bleak picture for President Obama. All three polls found Obama’s approval numbers in net negative territory, with large majorities disapproving of how he is handling economic issues.

The country for the most part still likes and trusts Barack Obama the person, but people are now starting to no longer see the president as a strong leader. They’re also beginning to doubt his ability to get things done, according to the latest Pew poll.

The graph really speaks for itself. This is very bad news for the Obama campaign. People’s increasingly negative perception about the economy have destroyed Obama’s economic job approval numbers, which has dragged down his overall job approval numbers. It is hard to imagine how any President can win re-election when the economy is ranked as the top issue by voters and 71 percent of Americans disapprove of the President’s handling of the economy.