Midterm Election 2014 Latest Polls: Obama, Democrats Face Debacle in November 4, 2014 Midterm Election

Two recent polls conducted separately throughout the U.S. show that President Barack Obama and his Democratic Party are facing a resounding defeat in the Nov. 4 mid-term elections.

According to a New York Times/CBS News poll, Obama's approval ratings are similar to those of President George W. Bush in 2006 when Democrats swept both houses of Congress in the midterm elections.

On the other hand, a Fox News poll shows most American voters disagree with Obama that the economy is in better shape today than in 2008. Most are also unhappy with ObamaCare and the President's handling of foreign policy and terrorism issues.

The Republican Party is expected to take advantage of Obama's growing unpopularity in its bid to gain more seats in both Houses of Congress.

During this year's midterm election, all 435 seats in the US House of Representatives and 33 of the 100 seats in the US Senate will be up for grabs along with 38 state and territorial governorships, 46 state legislatures (except Louisiana, Mississippi, New Jersey and Virginia),four territorial legislatures and numerous state and local races.

According to the New York Times, the generic ballot question, which measures national sentiment for the House of Representatives vote, shows a notable swing of voters toward the Republican Party and away from Democrats.

US voters have also expressed a record-high disatisfaction with their own representatives, with nearly two-thirds saying they are ready to kick out their incumbent representatives.

Voters trust Republicans over Democrats to handle the economy, terrorism and foreign policy, the New York Times poll shows.

Voters have also expressed more trust on Republican candidates over the Democrats in handling the most vital issues facing the nation. The Republicans are way ahead in such issues as the economy, health care, terrorism and foreign policy.

Voters are about evenly divided between the two parties on immigration.

The Democrats' only advantage is on health care where they hold a five-point edge in the New York Times poll.

The Fox News poll, released last Sept. 18, shows that more voters are optimistic (57 percent) than pessimistic (38 percent) about the future of their country. However, that is a sharp decline from the 40-point optimism advantage in 2012 (66-26 percent).

Overall, when asked who they would back if the Congressional election were held today, 47 percent of likely voters say the Republican candidate in their district and 40 percent the Democrat.

In states with active U.S. Senate races, likely voters would back the Republican candidate in that race by a 48-39 percent margin, according to the Fox News poll.