Obama's Fate Tied to Economic Crisis

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Just as he predicted, President Obama's fate may be tied to how he deals with the economic crisis, support for the bank bailouts and his budget fall.

An estimated 56 percent of Americans now oppose the bank bailouts, up 11 points from 45 percent in October. And this new polling was done before news broke of those controversial AIG bonuses.

The Obama Budget is opposed by 46 percent of Americans and just 41 percent support it.

Click play to watch as CBN News Senior Washington Correspondent Paul Strand explains recent polls on the Obama presidency.

Gallup polling shows 83 percent of people worry Obama's steps to help the economy won't work and it will get worse.

At the same time, a new poll by pew shows Obama's support going from 64 percent down to 59 percent. Disapproval is up from 17 percent to 26 percent.

Obama said his presidency would rise or fall by how well he handled this economc crisis.

These new numbers may be showing that is indeed true.

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