Money quote:

"The latest Rasmussen Presidential Tracking Poll shows just 25 percent of Americans strongly approving of Obama?s performance, with 36 percent strongly disapproving, for a Presidential Approval Index rating of minus 11 points. In a projected match up between Obama and a Republican opponent, the president now trails by two points according to Rasmussen ? 43 to 45. The RealClear Politics poll of polls shows just over a third of Americans (34.5 percent) agreeing that the country is heading in the right direction, with nearly three fifths (56.8 percent) believing it is heading down the wrong track. That negative figure rises to a staggering 66 percent of likely voters in a new Rasmussen survey, including 41 percent of Democrats."

Yeah but it'll come down to who runs against him! Put him next to Sarah Palin, and suddenly he doesn't look so bad...