Obama, GOP both have bad poll numbers

It's a familiar pattern.

A new poll shows troubling numbers for President Obama -- but also for Republicans.

Take the new ABC News/Washington Post poll.

It reports a 49% unfavorable rating for President Obama, with only 48% giving him a favorable rating -- the first time in this survey that the president's negative rating exceeds his positive.

But then consider the ratings for newly minted Republican front-runner Newt Gingrich. He has an unfavorable rating of 48%, and a favorable rating of 35% (with the rest undecided).

"Moreover," reports ABC News, "while just 23% see Obama 'strongly' favorably, Gingrich's core group of strong supporters is just half as large, 12%."

One reason for Obama's troubles: The economy.

Reports ABC News:

If an overall 48% or 49% unfavorable rating is unwelcome, consider the economy: A vast 74% of Americans express an unfavorable opinion of its direction, including 51% who rate it 'strongly' unfavorably.

That's in part a political judgment, with dim views of the economy's direction 19 points higher among Republicans (84% unfavorable) than among Democrats (65%).

In line with the political element to economic assessments, Obama is a vast 38 points more popular among people who have a favorable view of the economy's direction vs. those who see it unfavorably.

There's an opposite effect for Gingrich, and a much less pronounced one; he's 11 points more popular among people who take a negative view of the economy than a positive one.

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