It’s the economy, stupid.

(MSNBC) — In the days after Barack Obama ordered the successful mission to kill Osama bin Laden, the president’s approval rating on foreign policy issues reached an all-time high, even as public opinion regarding his handling of the economy sunk to the lowest point of his administration, according to a new NBC News poll.

The survey shows a mixed picture for Obama, whose overall job-approval rating was bumped higher by a modest three points after the al-Qaida leader’s death was announced late Sunday.

What has changed for the president since the raid at bin Laden’s compound: The number of respondents seeing Obama as a strong leader and a good commander in chief has spiked, and public opion for his handling of the war in Afghanistan jumped to an all-time high.

But here’s what hasn’t changed: Just a third of Americans believe the country is headed in the right direction; less than four in 10 approve of Obama’s handling of the U.S. economy; and nearly 70 percent think the economy will get worse or stay the same in the next year.

Why the modest increase for the president after the momentous — and historic — event of bin Laden’s death?

It’s the economy.

Only 37 percent approve of the president’s handling of the economy, while 58 percent disapprove.

Also, just 31 percent believe the economy will improve in the next 12 months, compared with 43 percent who think it will stay the same and another 25 percent who say it will get worse.

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