Washington (CNN) - It's becoming a daily story: another national poll, another all-time low for President Barack Obama when it comes to his approval rating.
Wednesday morning it's CBS News. The President's approval rating stands at 37% in their new survey, plunging nine percentage points since last month–a new low for Obama in CBS News polling. The President's disapproval rating shot up from 49% in October to 57% now, a new high.
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The President's approval rating has now reached new lows or tied his all-time lows in polls released over the past three weeks from CBS News, ABC News/Washington Post, Quinnipiac University, National Journal Heartland Monitor, and NBC News/Wall Street Journal.
A CNN Poll of Polls, compiled and released Wednesday morning, which averages the three latest non-partisan, live operator national surveys of the President's approval rating (CBS News, Gallup Daily Tracking, and ABC News/Washington Post), puts Obama's approval at 40% and his disapproval at 55%.
Support for health care law sinks
Just 31% of those questioned in the CBS News poll say they approve of the Affordable Care Act, better known as Obamacare, a drop of 12 points since last month, and the lowest level of support for the measure in CBS surveys. That overall drop was fueled by a 16 point plunge in support by Democrats, to 58% and an 11 point drop among independents, to 27%.
Sixty-four percent say they're not confident that HealthCare.gov will be fixed by Dec. 1. Forty-eight percent say the health care law needs some changes, 43% want the measure repealed, with just seven percent saying it's working well.
Only 21% give the GOP in Congress a thumbs-up, with 26% feeling the same way about congressional Democrats.
Approaching Bush's numbers
Obama's approval ratings are far lower than where Ronald Reagan (low to mid 60's) and Bill Clinton (upper 50's) stood at this time in the second terms, and he's nearing where his immediate predecessor, George W. Bush stood.
"Approval ratings for Obama and George W. Bush have followed the same pattern in their second terms for completely different reasons. For Bush, a natural disaster and an unpopular war were the primary reasons why his approval rating dropped to 41% in October 2005 and to 37% in November of that year," CNN Polling Director Keating Holland said.