Poll: Public confidence in Obama nosedives to 49%

Among all Americans, 49 percent now express confidence that Obama will make the right decisions for the country, down from 60 percent at the 100-day mark in his presidency. Forty-nine percent now say they think he will be able to spearhead significant improvements in the system, down nearly 20 percentage points from before he took office…

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The president’s overall approval rating stands at 57 percent, 12 points lower than its April peak, as disapproval has ticked up to 40 percent, its highest yet. On specific issues, Obama received more mixed marks. A majority, 53 percent, now disapprove of his handling of the federal budget deficit, and his ratings on health care continue to deteriorate. On the marquee issue of the economy, 52 percent approve of his actions, unchanged from June…

In the survey, 52 percent of Americans said they favor the government’s creation of a new health insurance plan to compete with private insurers, while 46 percent are opposed. That is a big shift from late June, when 62 percent backed the notion and 33 percent opposed it.

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