President Obama, the day before his lowest approval ratings yet were released. (Charles Dharapak/AP)

The Washington Post/ABC News and Wall Street Journal/NBC News polls released early Tuesday show President Obama has the lowest approval ratings yet of his presidency.

Democratic pollster Peter Hart has declared that “Obama is no longer the favorite to win re-election,” while ABC News correspondent George Stephanopolous has asked whether this takes Obama into the “incumbent death zone.” German writer Eamonn Fitzgerald has proclaimed, simply: “Hope’s gone.”

Here’s a look at the numbers:

The Washington Post/ABC News poll

— 43 percent of Americans approve of the job Obama is doing, while 53 percent disapprove. (His previous approval low was 52 percent.)

— 62 percent of Americans disapprove of Obama’s handling of the economy.

— By 2 to 1, more Americans now say the Obama administration’s economic policies are making the economy worse rather than better.

— Of the more than six in 10 who now disapprove of Obama’s work on jobs and the economy, nearly half of all Americans “strongly” disapprove.

— Six in 10 disapprove of Obama’s work on the federal budget deficit, a percentage that is basically where it was a year ago.

(Read the full story here, and see the full poll numbers here.)

The Wall Street Journal/NBC News poll

— 44 percent of Americans approve of the job Obama is doing, while 51 percent disapprove.

— 44 percent of Americans had positive feelings toward Obama, and 44 percent had negative feelings. (The percentage of Americans who views Obama negatively is at an all-time high, while the percentage holding positive feelings is at its lowest point since late 2007, during the campaign.)

— 44 percent of Americans say they would vote for a generic Republican for president in 2012, while 40 percent say they would vote for Obama.

(Read the full story and see the poll here.)

The ominous statements about Obama continued to roll in Tuesday, with National Review correspondent Jim Geraghty writing on Twitter that the polls said “in a nutshell: ‘Mr. President, you stink.’” CNN’s Peter Hamby called them a “flashing red siren” for the president. The Washington Examiner said it signaled “major [re-election] trouble.”

Obama had spent Labor Day in Detroit discussing unemployment, a struggle the city knows well, saying “Labor's on board and businesses [are] on board. We just need Congress to get on board.”

But in the hours after Obama’s speech, CBS reports that more people tweeted about his low approval ratings than positive reactions to his speech.

On Thursday, Obama will get a chance to make his case before a joint session of Congress, where he will lay out his new jobs plan and domestic agenda for the last months of his term.

What’s your reaction to the newest reports of Obama’s approval rating? What can he do to turn things around? Tell us using #obamajobs on Twitter.