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Barack Obama's popularity tanking to all-time low

We said earlier this week that President Barack Obama was winning the p.r. battle over the debt ceiling, but it losing the war.

Here's more proof: Gallup Poll finds he's at an all-time low. This comes after Pew found his lead in the presidential race has vanished.

Speculation here: Obama was elected on a "hope and change" platform that hasn't delivered. He said he would change the tone in Washington, but things seem more toxic. This is not to say it's his fault. But when you overpromise and under-deliver in a time of high unemployment, it's bad news for you and good news for your political foes.

Perhaps the only silver line for Obama-ites here is that, if he's playing the low-expectations game, he's perfectly positioned.

From Gallup:

President Obama's job approval rating is at a new low, averaging 40% in July 26-28 Gallup Daily tracking. His prior low rating of 41% occurred several times, the last of which was in April. As recently as June 7, Obama had 50% job approval.

Obama's approval rating averaged 46% in June and was near that level for most of July; however, it has stumbled in the past few days, coinciding with intensification of the debt ceiling/budget battle in Washington.

Obama's 40% overall approval rating nearly matches the recent 41% approval Americans gave him for handling the debt ceiling negotiations. Though Americans rate Obama poorly for his handling of the situation, they are less approving of how House Speaker John Boehner and Senate Majority Leader Harry Reid are handling it. Gallup does not include ratings of Congress or congressional leaders in its Daily tracking, and thus, there is no overall job approval rating of Boehner, Reid, or Congress directly comparable to Obama's current 40% overall job approval rating.