Obama currently has an approval rating of 43%. Many people feel that, while although Obama did not cause the recession, he is not doing enough to reverse it. After suffering through a largely failed stimulus package during his first two years, a mid-term election reversed the Democratic majority in Congress and replaced it with a Republican majority, making it extremely difficult for both Obama and Congress to agree on anything. The recent gridlock does not look very good on Obama.
However, a recent jump in the economy may be the deciding factor for Obama's bid in the reelection. The economy is slowly gaining momentum, and many Americans are satisfied with the job that Obama is doing.
I believe he has a very high chance of being reelected; more than 60%.
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