With his approval numbers sinking to 39 percent a week ago, according to the Gallup tracking poll, President Obama isn't alone in having a bad summer. So isHollywood.

Entertainment Weekly calls gross receipts for what should have been a blockbuster July 4-6 weekend "downright terrifying." Writes EW, "Not only were grosses down 45 percent from last year's holiday, according to Boxofficemojo.com, but it was Hollywood's worst July 4weekend since 1999. (And that's not taking into account inflation. In fact, this was the worst July-holiday weekend for ticket sales since the summer of Dragnet in 1987.)"