I suspect the President is doing something like augering in, the way his ratings keep falling. Go see this CBS News poll which shows his approval on the economy is down to 40%, while 54% disapprove of his handling of this issue. They summarize:
In general, Americans see Mr. Obama as spending too little time on the economy and the oil spill in the Gulf, and too much time on health care.These poll results are wide-ranging, negative, and interesting to read.