Erosion of value of Bush's "capital"

Fifty-two percent of respondents to a new poll think Defense Secretary Donald Rumsfeld should resign amid recent criticism in Congress over his handling of the war in Iraq.
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As for Bush, 49 percent of respondents said they approved of the job the president is doing. That number is down from his November approval rating of 55 percent. Bush is the first incumbent president to have an approval rating below 50 percent one month after winning re-election.

Maybe it is the result of grade inflation, what with all those mail-order Medals of Freedom in circulation.