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Any electable incumbent should be pulling 50%+ at this point.
Obama's "take my case to the American people" campaign is working. He's shifted the nation's focus from deficits to jobs. His "tax the rich" push, and pending withdrawl from Iraq, have brought the base back. His poll numbers are starting back up, and there are several national stories today about the ecomomy improving- dispite the GOP's best efforts to keep it in the tank till the election.
Add to that Obama's recent foreign policy successes, and the GOP's inability to find a viable presidential candidate, I'd say Obama is in pretty good shape right now.
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