CBS Poll (so you know it is even worse) : 54% say Obama doesn't deserve re-election Less than one year out from Election Day 2012, voters remain overwhelmingly pessimistic about the economy, and their concerns are taking a toll on President Obama’s re-election chances. Just 41 percent of Americans think Mr. Obama has performed his job well enough to be elected to a second term, whereas 54 percent don’t think so. The president’s overall approval rating remains in the mid-40′s, according to a CBS News poll – lower than the approval ratings of Mr. Obama’s four presidential predecessors at this point in their first terms. Mr. Obama’s approval rating is dragged down by his poor marks for his handling of the economy – which, at 33 percent, is the lowest rating of his presidency in CBS News polls. Mr. Obama receives better marks on foreign policy and for his leadership skills. But when it comes to leading the economy in the right direction, voters are unimpressed: Just 28 percent think he has made progress on improving the economy. And most Americans say the president doesn’t share the public’s priorities, according to the poll, conducted December 5-7.