Less than one year out from Election Day 2012, voters remain overwhelmingly pessimistic about the economy, and their concerns are taking a toll on Obama’s re-election chances

Just 41% of Americans think that Obama has performed his job well enough to be elected to a second term, whereas 54% don’t think so. Obama’s overall approval rating remains in the mid-40′s, according to a CBS News poll – lower than the approval ratings of Obama’s four presidential predecessors at this point in their first terms. Obama’s approval rating is dragged down by his poor marks for his handling of the economy – which, at 33%, is the lowest rating of his presidency in CBS News polls. Obama receives better marks on foreign policy and for his leadership skills. But when it comes to leading the economy in the right direction, voters are unimpressed: Just 28% think that he has made progress on improving the economy. And most Americans say that Obama doesn’t share the public’s priorities, according to the poll.