Rasmussen has released its Superbowl Sunday version of its Presidential approval ratings and their report only tells part of the story. The report shows the president’s approval index down to a -17, but what it doesn’t show is that the depth of President’s recent slide is a direct result of the bloated budget he sent to congress almost a week ago.

The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows that 26% of the nation’s voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty-three percent (43%) Strongly Disapprove which gives Obama a Presidential Approval Index rating of -17 

Overall, 44% of voters say they at least somewhat approve of the President’s performance. That matches the lowest level of overall approval yet measured for this president. Fifty-six percent (56%) now disapprove.

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The charts Rasmussen provides show the Presidents approval rating since his inauguration. The trends of which are well known:

But only when you isolate the past two weeks, as I have done below, is the full story exposed. (click on chart to see it bigger)

As you look through the numbers, realize that the daily Rasmussen Poll is actually a three day rolling average, so trends need a few days to work themselves out.

On the day the POTUS gave the State of the Union Address, he was at an overall approval/ disapproval disadvantage (46-53%) and the approval index (based on strong approval/disapproval) was at a -15.  Within a day or two of his speech the President’s numbers took a huge bounce. By this past Monday, his overall approval /disapproval numbers were almost even and his approval index reached its highest number since mid October -4.

This past Sunday reports about the President’s budget began to leak out. On Monday, the budget was officially released, and voters saw that all of the pretty fiduciary responsibility talk within the SOTU was just that, talk. With that Obama’s approval numbers dived faster than a congressman rushing to spend our last dollar. Each one of his approval numbers are now worse than they were the day of the State Of the Union.

After a year of President Obama’s misdirection, lies and spin, American voters may be finally waking up. Its not that his wonderful prose doesn’t get him a nice bump, but voters are looking at the facts and realizing it tells a totally different story than the POTUS has laid out. The polling numbers show that the voters are not happy with the REAL story.