The Wall Street Journal/NBC News survey found that just half of all respondents consider Obama to be competent, even lower than those polled in the wake of Bush's botched response to Hurricane Katrina.
And 54 percent said Obama is no longer able “to lead the country and get the job done.” More than 40 percent of respondents believe the administration’s performance has gotten worse in the past year.
Though Obama's overall approval ratings remain unchanged -- 41 percent -- Americans are souring on his handling of foreign affairs amid heightened turmoil in Iraq.
Just 37 percent of those surveyed approved of the president’s handling of foreign policies.
Progressives fear that disillusionment with the White House could endanger Democrats in November's midterms. Republicans need a net gain of six seats to take control of the Senate.
The poll was conducted between June 11-15 and was based on nationwide telephone interviews of 1,000 adults.