First Read: "Despite majorities backing the broad outlines of his legislative priorities on immigration and guns, President Obama confronts a pessimistic public and declining poll numbers. Only 31% of Americans believe the country is headed in the right direction - a decline of 10 points since Dec. 2012. His overall job-approval rating stands at 47%, which is down three points since February and which represents the first time he's been below 50% since just before the 2012 election.