According to Dick Morris, things aren’t looking too good:

Obama got 52 percent of the national vote. So when his approval drops, as it has, from 65 percent on Inauguration Day to 56 percent now (according to Rasmussen), he is playing with house money. Most of those who are coming to negative conclusions about his administration didn’t vote for him in the first place.

But there are ominous signs in the data.

…

Some news organizations like to compare how Obama is doing with how other presidents fared. Specifically, at this point in their presidencies, George W. Bush was at 58 percent approval while Clinton stood at 53 percent. By that measurement, Obama’s 56 percent would seem in the normal range.

But Clinton won with only 42 percent of the vote in 1992, and Bush got 49 percent. Obama, of course, won 52 percent of the vote. So here’s how the vote-to-popularity ratio stacks up:

• Clinton: Vote 42%; Job Approval 53%; Difference +11%

• W. Bush: Vote 49%; Job Approval 58%; Difference + 9%

• Obama: Vote 52%; Job Approval 56%; Difference + 4%

…not very good.

Morris makes a good point. But if you’re an Obama supporter, I’m sure you’d rather see his popularity dip now as opposed to when there is an actual election. Plenty of time for him to make a comeback, or for voters to just plain forget everything that’s happened in his first few months. If the economy actually avoids falling too much, he’ll win 2012 in a cake walk. But then what do I know, I keep telling myself that it’s good that the Cubs are getting all of the losing out of their system now, that way they will actually win the World Series for the next 101 consecutive years.

h/t to Ace.