That’s the headline to the latest Investors Business Daily/TIPP poll.

Voters are souring on the economy and the government’s remedies, according to February’s IBD/TIPP Economic Optimism Index. It fell 4.1% to 46.8, matching December’s level and the weakest since July.
“Persisting high unemployment and a wobbly stock market dampened January’s optimism,” said Raghavan Mayur, president of TIPP, IBD’s polling partner. Readings below 50 signal pessimism.
Confidence in federal economic politics dived 7% to 38.3, the lowest since President Obama took office. That’s consistent with other polls showing a strong shift by Americans away from big government over the past year. The $787 billion stimulus failed to keep unemployment from soaring to double digits, now 9.7%. But it helped the deficit explode to $1.4 trillion in fiscal 2009, with $1.6 trillion seen in 2010.

And it is indeed focused on the president and his decisions in particular:

Independents disapprove of Obama’s handling of economic issues by a 2-1 ratio (50%-25%). Just 3% think he’s doing an excellent job while 29% say it’s unacceptable. This extends a recent trend.
Swing voters’ view of Obama’s overall job performance sank 7.9% in February to 40.8, a new low for him. A year earlier, the rating was 72.9.

Wait, there’s more: “Three-fourths of independents have a favorable view of the tea party movement and say one-party control of the White House and Congress has been bad.”