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Obama's Job Approval Rating Sinks to All-Time Low

President Obama's job approval rating has fallen to an all-time low of 46 percent in the latest Gallup poll.

Obama's numbers are even lower in the Rasmussen Reports, which shows his rating at 44 percent. 

The bad news comes as the president attempts to rally wary congressional Democrats around health care reform in a yearlong debate that by all accounts has entered its final stage.

Many Democrats are reluctant about the president's plan to push health care across the goal line with the help of reconciliation, an unusual budgetary maneuver that avoids a GOP filibuster, allowing Congress to pass and adjust the Senate's bill with a simple majority in the Senate.

Some Democrats fear voters will punish them at the polls in November's midterm elections if they pass a partisan bill that Republicans have steadfastly opposed.

The new job approval ratings for the president could further worry Democrats up for re-election who see no upside in having an increasingly unpopular president stump for them.

On the other hand, if the president's signature initiative fails, his entire legislative agenda is in jeopardy -- including climate change, education reform and immigration overhaul -- as a loss would be expected to embolden the Republican opposition and harden political gridlock.