Gallup tracking continues to show a relatively insignificant yet steady increase in his approvals;
currently at 44% in the latest three-day rolling average.
At this point in the presidency (December of sixth year), he's doing much better than W or Truman, ties LBJ and is slightly behind Reagan.
His term average to date is 48% (2009-present); he's beating Truman, Carter and Ford in this metric, and is within statistical ties of W and Nixon (and let's be real: both Bushes' true averages are heavily-skewed by those surges to 80%+ support due to war). Obama's second-term average seems to be around 44%, beating out Truman, Nixon and W. Barring an economic catastrophe, he's reached his low point, and I think will finish out his term around 50% (especially if the economy continues to accelerate like it has been doing).
The olds hate him. The youngs and poors realize he betrayed them.
Yes,
this more than anything is what is holding his polling numbers down.