New Polls Show Obama's Slide

A slew of new polls show the president's numbers starting to catch up to the dismal reality. For example, a new Politico/GW Poll shows that 50% disapprove of how the president is handling his job, with just 45% approving.

Capturing a rapid erosion of confidence through the summer months, the poll found 72 percent of voters believe the country is either strongly or somewhat headed in the wrong direction, a jump of 12 percentage points since May. Only 20 percent of voters say the country is going in the right direction, a 12-point drop in the same period.

In the fight to replace the president, Rick Perry has a dominant lead, even as voters just begin to gain some familiarity with the Texas governor.

Mirroring other national polls, Texas Gov. Rick Perry moved to the front of the Republican class, emerging as the first choice for 36 percent of voters only three weeks into his campaign.

Former Massachusetts Gov. Mitt Romney came in second with 17 percent, followed by Rep. Michele Bachmann (R-Minn.) at 10 percent, Rep. Ron Paul (R-Texas) at 10 percent, former Sen. Rick Santorum (R-Pa.) at 5 percent and former House Speaker Newt Gingrich at 5 percent.

That's more than two to one for Perry over Romney.