Obama's approval rating on economy falls to 33 percent in new poll

A majority of Americans think President Obama's $447 biillion proposal to create jobs will not actually help lower the unemployment rate, according to a poll released Wednesday by Bloomberg.

And his overall approval rating on the economy fell to 33 percent from 39 percent in June. His approval rating on the economy was 43 percent in March.

His economic disapproval ratings rose to 67 percent from 57 percent in June and 52 percent in March.

Those are grim numbers for the White House and the trend is clearly going in the wrong direction just as the campaign season heats up.

And they come just one day after Democrats lost two seats in the House of Representatives in special elections that could resonate with voters next year.

Republican Bob Turner, a retired cable executive, defeated State Assemblyman David Weprin 54 percent to 46 percent for the heavily Democratic New York seat formerly held by Anthony Weiner.

In Nevada, Republican Mark Amodei defeated Democrat Kate Marshall, though his win in the heavily Republican district was less surprising than Turner's victory.

Mr. Obama is scheduled to be in North Carolina on Wednesday to make a pitch for his plan and how it would help small businesses and education.