Obama Approval Slips Down to 50% Loses big edge over GOP on economy By Matt Cantor, Newser User Posted Mar 13, 2013 12:50 PM CDT 152 comments Comments President Barack Obama announces in the East Room of the White House in Washington, Monday, March 4, 2013, he will nominate, Gina McCarthy to head the EPA; MIT physics professor Ernest Moniz for Energy... (AP Photo/Carolyn Kaster) (Newser) – Before his second inauguration, President Obama enjoyed a 55% approval rating—but thanks to concerns over the economy, the figure has dropped again to 50%, a Washington Post-ABC News poll finds. Following Obama's reelection, Americans trusted him over congressional Republicans on the economy by 18 points; now the gap is just four points in Obama's favor, 44% to 40%, the Post reports. Obama's 50% mark puts him behind most modern presidents at this moment in their second terms—with the exception of George W. Bush, who also had a 50% approval rating. As for the sequester, a slight majority opposes it, but some three-quarters say it hasn't had an effect on them. On the other hand, most believe it will eventually hurt the economy. Some 47% say congressional Republicans are to blame for it, while 33% say Obama is to blame. But 68% say they want the two sides to cooperate to end the cuts. Click through for more from the poll.