There is very bad news for President Obama and the Democrats in a new poll released last night by Investor’s Business Daily. John Merline writes:

President Obama's approval rating dropped to his lowest levels as the public hammers him on his handling of each of the major crises facing the country, according to the latest IBD/TIPP poll, released on Friday.

The survey, taken the last week of July, found that only 38% of the public approves of the job Obama is doing as president, while 53% disapprove.

That's a 10-point negative swing in just the past month.

Breaking out the internals, it becomes clear that the Border Crisis is driving this sharp decline:

This drop comes despite the fact that personal outlooks and views on the economy and direction of the country have barely budged. Nor did the public's views on Obama's handling of the economy, the budget and jobs change noticeably.

But Obama got extremely low marks in his handling of every major crisis gripping the nation at home and abroad.

Just 25% say Obama is handling the border crisis well, while 56% blame his policies for encouraging the wave of illegal crossings by children and teens. Even among Democrats, only 46% say Obama is doing a good job, while less than a quarter (23%) of independents do.

This augurs well for the GOP and disastrously for Democrats this November:

 Obama hit an all-time low in the IBD/TIPP Presidential Leadership Index, which fell 3.2 points this month to 41.5. That's almost precisely where the leadership index stood at this point in President Bush's second term, just before Democrats swept the House and Senate in the 2006 midterm elections.
Obama does not do well on other issues, too.

Read the whole thing at Investors.com