President Obama’s approval ratings, much like the housing market, just keep finding a new bottom.

A pair of national polls out Tuesday showed the president’s popularity slipping to risky levels for an incumbent seeking re-election. The new polls showed Obama with record-low approval ratings, as Americans show startling levels of pessimism with the direction of the country, the economy, Congress and Obama’s presidency.

One of the most foreboding figures came out of the latest NBC News/Wall Street Journal poll. According to the survey, 54 percent think the president is unlikely to recover from his setbacks.

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