President Bush's approval rating has hit an new low, dropping to 25 percent in the most recent CBS News poll.

Bush now ranks 3rd all time in lowest approval rating, hovering above Richard Nixon's 24 percent in August 1974 and Harry Truman's 22 percent in February 1952. Bush's 67 percent disapproval rating, however, ranks slightly higher than both Nixon and Truman during their least popular rating.

The Iraq war continues to plague the president's popularity. Despite much touted "success" for the surge, 61 percent of respondents said Iraq will never be a stable democracy, up 8 percent since September. And 42 percent want troops out of Iraq within the year.

An overwhelming 83 percent of respondents said the country is on the wrong track.