USA Today/Gallup Poll: Obama Polling Better Than Both Bush and Clinton At Same Period

President Obama has a 67% approval according to the latest USA Today/Gallup Poll:

Obama doing better than both Bush and Clinton at the same time in their early administrations:

So, I wouldn't worry too much about this part of the polling:
...At the low end of the spectrum, only 45% of Americans approve of Obama's handling of federal spending, and 46% of his handling of the federal budget deficit.
While people are obviously split on the federal deficit/federal spending issues, they still overwhelming approve of President Obama's job performance. I think it's safe to assume the public trust him despite their concerns.

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