Obama at 48%

First Read notes President Obama’s approval rating is now a solid 48% and that he’s also at 48% in three new battleground state polls.

“What does this mean? Is 48% a good thing or bad thing? On the one hand, he’s leading and in the high 40s, despite what’s been a rocky and volatile last few weeks (the April jobs numbers, the worries out of Europe, the rushed gay-marriage announcement, etc.). On the other hand, he remains below that important 50% threshold that’s usually considered safe haven for an incumbent president, and Romney is well within striking distance, especially given all of Europe’s economic uncertainty.”

“Bottom line: 48% is really the knife’s edge; not quite close enough where you can just fall over the 50% finish line, but close enough that it doesn’t take much. It’s a number to follow in the months ahead.”