New survey by ABC News/Washington Post shows President Obama's overall job approval rating has slipped a net of 10 points in the last month and now rests at an all time low of 50%. Overall, Obama's job approval now stands at 48.7% in the RCP National Average.

According to the ABC/WP poll, Obama has suffered a decline in support of his handling of a number of specific issues over the last month: -5 points on unemployment, the economy, and the budget deficit; and -3 points on health care and his duties as Commander in Chief.

Economy: 46% approve (-5 vs. last Nov poll), 52% disapprove (+5)
Health Care: 44 (-3) / 53 (+4)
Budget Deficit: 37 (-5) / 56 (+3)
Duties as Commander in Chief: 54 (-3) / 43 (+6)
Unemployment: 47 (-5) / 48 (+6)

President Obama did manage to improve his standing on Afghanistan, gaining seven points of approval of his handling of the situation this month versus last month.

Afghanistan: 52 (+7) / 44 (-4)

President Obama continued to lose voters' trust on his ability to handle the issue of health care. Though he still leads the Republican question on the issue of who voters trust more to deal with health care, the gap has narrowed to just seven points, 46 to 39. Six months ago Obama held a 28-point edge over Republicans on the same question, 55 to 27.

Meanwhile, public support for Obama and the Democrats' health care plans continues to dwindle.  In the current survey 44% say they "support the proposed changes to the health care system being developed by (Congress) and (the Obama administration)" while 51% say they oppose.

Those who oppose health care "strongly" (40%) nearly outnumber the total number who support it.

Fifty-three percent over voters say if the plan is passed their own health care will cost more; another 55% say the overall cost of the system will increase; and just 37% believe the changes proposed in the legislation will result in improved quality of care.

Sixty-six percent believe the proposed health care reform will increase the federal budget deficit.

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