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So American people are showing that they would rather Pres. Obama did nothing than anything he's done so far. Interesting.
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President ratings always seem to drop like that within the first part of their terms. Reason being that the population seems to give them a grace period - even people who didn't vote for him will be like "Well he's a knew guy coming in, might as well give him a chance." It's impossible to actually please everyone, though, so that will drop. I saw some poll results recently that showed the number of American's which approved of him at the some percent of those which voted for him, so I think that says some good things.
But yes, the majority of Americans are pretty stupid, so approval polls aren't a good way to judge how good a job someone is doing, either for good or bad.