While some view this as news, many here will very likely view this as exactly the level of expectation Obama would rise (or sink) to.

Rasmussen reports that only 27% of voters currently give Obama a strong approval rating. On the flip side, 42% indicate strong disapproval of the job Obama is doing as President. Among independents, 16% strongly approve and 51% strongly disapprove. Overall disapproval is at 54%, and overall approval at 45%.

Read more at Rasmussen Daily Tracking Poll

It is a very good bet this is one reason his job approval is tanking :

Obama Shatters Spending Record for First-Year Presidents

President Obama has shattered the budget record for first-year presidents — spending nearly double what his predecessor did when he came into office and far exceeding the first-year tabs for any other U.S. president in history.

In fiscal 2009 the federal government spent $3.52 trillion — $2.8 trillion in 2000 dollars, which sets a benchmark for comparison. That fiscal year covered the last three-and-a-half months of George W. Bush’s term and the first eight-and-a-half months of Obama’s.

That price tag came with a $1.4 trillion deficit, nearly $1 trillion more than last year. The overall budget was about a half-trillion more than Bush’s for 2008, his final full fiscal year in office.

Read At FOXNews