You know its bad when CBS, who always commissions heavily democratic sampled polls, shows Obama with a 43 percent approval rating.

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto

As concerns about the struggling U.S. economy grow, a new CBS News/New York poll finds that President Obama’s overall approval rating has dropped to 43 percent, the lowest so far of his presidency in CBS News polling. In addition, his disapproval rating has reached an all-time high of 50 percent.

Views of the president’s job performance are marked by a striking degree of polarization along party lines — the vast majority of Democrats approve (78 percent), while even more Republicans disapprove (89 percent) of how he’s handling his job. But only 37 percent of independents approve, with 54 percent disapproving.

Except for a notable spike in approval after the killing of Osama bin Laden in May, President Obama’s approval rating has been below 50 percent since the spring of 2010.”