Why is Obama's approval in the 40's?

Records are meant to be broken. No president has had approval ratings lower than Obama has within the first year of a presidency. It really does not take much insight to figure out why this has happened:

• His healthcare bill is wildly unpopular. 70% of Seniors don't like it. The vast majority of Independents and all Republicans don't. What you have left is a minority of Independents, and the far left. I bring up Seniors because they vote in higher numbers than any other section of the population.
• Cap and Trade Bill: This bill is also wildly unpopular. This has only passed the House of Representatives and is most likely a non-starter in the Senate. Even so, most voters know this bill is something that will hurt the economy and small business. Lastly, Climate Change legislation is at the bottom of voters minds, with only 2% thinking it should be addressed as the number one issue.
• Partisan Democrats: This happens when the GOP is in full power as well. At any rate, the Democrats run the WH, House, and Senate. The electorate usually likes some type of balance. That shall be on its way in 2010.
• Spending- Obama's spending makes Bush look thrifty. The deficit is ballooning at the highest rate in history under Obama. People know that you cannot fully spend your way out of a recession. Inflation is going to KILL us. That's why the dollar is so weak right now.
• Obama promised the unemployment would not exceed 8% if his so called stimulus would be passed. Well, it's now over 10%. Where are the promises now, Obama?
• Obama ran as a moderate, had a record of a liberal. Those who "hoped" he'd stick with his campaign promises are seeing what the real Obama is like. Couldn't have they just have looked at his record? Being that he was the most liberal senator in the US, shouldn't that have been obvious where he'd be?