Americans give Obama ‘F’ for handling economy

US President Barack Obama’s approval rating has dropped to the lowest level since his inauguration for the way he has steered the country’s trouble-ridden economy through the financial crisis.

Only 36 percent of the Americans approve of the commander-in-chief’s economic management and 32 percent approve of his efforts to contain the runaway federal red-ink budget, a Gallup Poll said on Monday reporting on the results of a study conducted by the opinion survey group.

As the country is struggling to harness a 9.7 unemployment rate, the poll showed that about 68 percent of the US citizens were uneasy with the way Obama had chosen to create jobs.

The survey was conducted among 1,025 adults from February 1 to 3.

Obama has earmarked a whopping $3.8-trillion budget for the next fiscal year. The military gets an unprecedented share of the sum — $708-billion — amid the ongoing criticism of the country’s overseas military interventions.

The proposal puts the US budget deficit for this year at a record $1.6 trillion.