ABC News' Jake Tapper reports:

A new ABC News/Washington Post poll shows for the first time more Americans numerically say President Obama's policies have hurt the economy than say they've helped.

A record fifty-seven percent of the American people say the president is doing a bad job on the economy overall, and disapproval for the president's job as a whole is at an all time high -- 52% -- spiking 27 points since his taking office, and marking the first time this poll has registered majority disapproval.

The last time this many people said they were dissatisfied with the federal government was October 1992 and George HW Bush was about to become a one-term president.

It’s not all good news for Republicans – only 32% of those polled think GOP economic plans would work. But likely voters favor a generic Republican candidate over a Democrat by thirteen points – 53% to 40% -- the largest margin a generic Republican has had over the generic Democrat in this poll since 1981, when President Obama was in college.

You can read more about the poll HERE. And our GMA report is here:

-Jake Tapper