Obama: "I'm used to being an underdog"

President Obama thinks of himself as an underdog. A recent CBS News/New York Times poll has his approval rating at 43 percent. With some polls showing him lagging behind GOP candidates, and an ABC News poll with 55 percent of respondents saying he would be a one-term president, Mr.Obama acknowledged that the state of the economy has put a damper on his quest for another term.

"I'm used to being an underdog. And -- and I think that, at the end of the day, though, what people are going to say is, who's got a vision for the future that can actually help ordinary families recapture that American dream?," Mr. Obama told ABC during an interview Monday.

That said, Mr. Obama likes his odds to win the 2012 election. He believes that his vision will be more persuasive to the American people.

"And, you know, when you tick down which approach the American people generally prefer, they'll say mine. Now, what they'll say is, he hasn't been able to get it through Congress. And, you know, I'm the first one to acknowledge that the relations between myself and the Republican Congress have not been good over the last several months, but it's not for a lack of effort. It has to do with the fact that, you know, they've made a decision to follow what is a pretty extreme approach to governance," he said in the interview.

The voters will have there say in about 400 days as to whether the "underdog" remains in office for another term. 

Poll: 7 in 10 say Obama has not helped economy
Poll: Just 1 in 5 Americans happy with direction of country