Obama is currently sitting at a 46% approval rating on RealClearPolitics with a negative 3.4% spread. He has a positive spread on polls with CBS/NYT, NBC/Wall St. Journ, and Gallup. The economy is continuing to add jobs in the longest stretch of continued growth on record.
At this same time during the Bush administration, Bush was enjoying a 35% approval rating with a negative 21% spread on RCP. Bush's two elective wars were going to shit. The economy was beginning to enter the worst recession since the great depression. The rate of uninsured Americans was exploding, as were healthcare costs. Bush would ulimately go on to oversee a net loss of jobs over the course of his presidency. Bush is the only president in US history to oversee a net loss of jobs during his term. Literally, the worst in US history with respect to jobs.
There is something surreal about seeing the low information voters who elected Bush - twice - complain about the fact that only 223,000 jobs were added to the economy in the month of April, when Bush oversaw a net less of over 400,000 jobs in his 8 year term.
It's like seeing a Timberwolves fan say "Sputter sputter sputter" upon seeing Golden State lose a playoff game to the Grizzlies.