The latest Rasmussen survey of likely voters shows President Obama at the low point of his administration so far, with only 41 percent approving of his performance, while 58 percent disapprove. The Approval Index, the difference between the number who strongly approve and those who strongly disapprove, stands at -21, which I believe matches Obama’s low-water mark:

More than two-thirds of these interviews were conducted after Obama’s Oval Office speech on the Gulf spill, so the early returns, at least, suggest that the President failed to improve his position with voters. That shouldn’t be surprising, as the physical realities of the Gulf spill continue to trump any words Obama can utter about it.
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