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Zogby Interactive: Obama falls to 39 percent, as support from Democrats continues to slide; he trails Romney, J. Bush & Gingrich in '12

UTICA, New York - President Barack Obama's job approval rating has dropped to the lowest point of his Presidency at 39 percent, and in potential match-ups with Republicans in 2012, he trails Mitt Romney, Jeb Bush and Newt Gingrich and is just one point ahead of Sarah Palin.

The percentage of likely voters saying the U.S. is on the wrong track is now the highest since Obama took office at 69 percent.

The President continues to lose the job approval of Democrats, going from 78 percent on Nov. 15 to 72 percent in this Nov. 19-22, 2010 interactive poll. His approval among independents stayed at 39 percent, and is 6 percent among Republicans.

Obama's approval is also falling among the First Global generation born since 1979. This age cohort was key to his victory in 2008, but just 42 percent now approve of his job performance. He continues to do better among women (44 percent) than men (33 percent.)

Among independents, match-ups between Obama and Republicans Romney, Gingrich, Palin and Bush are very close. Versus all of these hypothetical opponents except Bloomberg, Obama draws between 36 percent and 39 percent of independents. He beats Bloomberg among independents, 26 percent-12 percent, but 49 percent of independents would choose neither. Obama beats Trump with independents, 36 percent-29 percent.

Obama wins between 75 percent and 78 percent of Democrats versus all opponents except Bloomberg, against whom Obama gets 65 percent. The percentage of Democrats who would choose neither Obama nor his opponent ranges from 7 percent versus Romney and 18 percent versus Bloomberg.

Among Republicans, Gingrich leads with 79 percent, followed by Romney 77 percent and Palin 72 percent. One-half of Republicans would choose Trump over Obama, but 43 percent want neither. Bloomberg would get only 19 percent of Republicans, with 74 percent not wanting either the New York City mayor or Obama.

Pollster John Zogby: "Obama lost support among independents more than a year ago. Now, he is failing to please more than one-fourth of his own party's voters. This is a perilous position for the president. Conventional wisdom calls for him to reach for the center and assume that Democrats will stay with him in 2012. But as we saw in the mid-terms, Democrats can't win without strong turnout from the young and minorities, both of which are demographics that need more motivation than others to vote."

The interactive poll consisted of 2,032 likely voters and has a margin of error of plus or minus 2.2 percent. A sampling of Zogby International's online panel, which is representative of the adult population of the U.S., was invited to participate. Slight weights were added to region, party, age, race, religion, gender, and education to more accurately reflect the population.