The HOATOs - people with a Hatred For All Things Obama - are positively giddy that the president's job approval rating has fallen below 50 percent in the latest Gallup Poll.

These are the same people, mind you, who always shouted "Polls don't matter!" as George W. Bush's approval rating plunged to an embarrassing 23 percent.

Also worth noting is that three presidents since World War II fell below the 50 percent threshold in the Gallup Poll earlier in their first term than Obama: Gerald Ford, Bill Clinton, and - wait for it now - Ronald Wilson Reagan.