FROM CNN's Jack Cafferty:

As President Obama heads out to campaign for re-election, he has his work cut out for him.

A new Gallup poll shows Americans are "broadly dissatisfied" with the state of the nation on many issues – and in some cases, that satisfaction has dropped off a cliff since 2008.

The most toxic issue for Americans? The economy, which also happens to be the top issue on most voters' minds.

Only 13% of those surveyed in this poll say they are satisfied with the state of the economy. 13%.

Most ominously for Mr. Obama, that's a 23-point drop since January of 2008, the year before he took office.

This is the lowest rate of satisfaction and the biggest decline in the last four years for any of the 24 issues Gallup measured.

Up next: Fewer than 3 in 10 Americans are satisfied with both the moral and ethical climate in the country and the size and power of the federal government. There's been a double-digit drop in satisfaction for both these issues since 2008.

There's more: Most Americans are also dissatisfied with the level of immigration into the country and with the nation's efforts to deal with poverty.

No surprise there with more than 46 million Americans living below the poverty line and a record number on food stamps.

On the plus side, Americans are most satisfied with the overall quality of life in the U.S. along with the nation's security from terrorism and its military strength.

But if you buy the election year admonition, "It's the economy, stupid," then where President Obama is concerned, it's a problem.

Here’s my question to you: What does it mean for President Obama that Americans' dissatisfaction with the economy has skyrocketed since 2008?

Tune in to the Situation Room at 4pm to see if Jack reads your answer on air.

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