(CBS NEWS) President Obama’s job approval rating has plunged to the lowest of his presidency, according to a new CBS News poll released Wednesday, and Americans’ approval of the Affordable Care Act has dropped it’s lowest since CBS News started polling on the law.

Thirty-seven percent now approve of the job Mr. Obama is doing as president, down from 46 percent in October – a nine point drop in just a month. Mr. Obama’s disapproval rating is 57 percent — the highest level for this president in CBS News Polls.

A rocky beginning to the opening of the new health insurance exchanges has also taken its toll on how Americans perceive the Affordable Care Act. Now, approval of the law has dropped to 31 percent – the lowest number yet recorded in CBS News Polls, and a drop of 12 points since last month. Sixty-one percent disapprove (a high for this poll), including 46 percent who say they disapprove strongly.

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