Obama's Economic Approval Sinks to New Low of 26% Numbers are lower in nearly every area since 2010 By Evann Gastaldo, Newser Staff Posted Aug 18, 2011 7:32 AM CDT 15 comments Comments President Barack Obama pauses as he speaks during a town hall meeting, Wednesday, Aug. 17, 2011, at Country Corner Farm Market in Alpha, Ill., during his three-day economic bus tour. (AP Photo/Carolyn Kaster) (Newser) – More data from the latest Gallup poll is trickling out, and—surprise, surprise!—it's not good news for President Obama. When it comes to handling the economy, his approval rating has sunk to a new low of 26%. That's down 11 percentage points since mid-May; his previous low was 35% in November 2010. A whopping 71% disapprove of his handling of the economy—a new high, ABC News notes. Not to mention, just 24% approve of his handling of the federal budget deficit, and 29% approve of his job creation tactics. Ratings shoot up when it comes to his handling of terrorism (53% approve), the only area in which his numbers are higher than they were at the beginning of 2010. But when it comes to Afghanistan, just 38% approve—not his lowest score ever, but a 15-point drop from mid-May, the largest decline seen for issues tracked during that period. His overall job approval rating stands at 41% for the Aug. 11-14 poll; during daily tracking, it dropped as low as 39%.