In the first round of polling to be conducted entirely after the withdrawal of Harriet Miers and the indictment of Scooter Libby, The Washington Post and ABC News find President Bush's approval rating at an all-time low. Richard Morin and Claudia Deane write up the results for The Post.

A majority of Americans say the indictment of senior White House aide I. Lewis "Scooter" Libby signals broader ethical problems in the Bush administration, and nearly half say the overall level of honesty and ethics in the federal government has fallen since President Bush took office, according to a new Washington Post-ABC News survey.

The poll, conducted Friday night and yesterday, found that 55 percent of the public believes the Libby case indicates wider problems "with ethical wrongdoing" in the White House, while 41 percent believes it was an "isolated incident." And by a 3 to 1 ratio, 46 percent to 15 percent, Americans say the level of honesty and ethics in the government has declined rather than risen under Bush.

In the aftermath of the latest crisis to confront the White House, Bush's overall job approval rating has fallen to 39 percent, the lowest of his presidency in Post-ABC polls. Barely a third of Americans -- 34 percent -- think Bush is doing a good job ensuring high ethics in government, which is slightly lower than President Bill Clinton's standing on this issue when he left office.

This poll contains both good news and bad news for the Democrats. Of course the fact that the President continues to drop in the eyes of the electorate can give Democrats some hope of big gains in the 2006 midterms. However, the fact that only "55 percent of the public believes the Libby case indicates wider problems 'with ethical wrongdoing' in the White House" -- a number likely less than the President's disapproval rating -- means that the Democrats have much more work to do if they want to portray this Republican administration as being corrupt.