To bounce or not to bounce

We have at least one counter to the huge Bush bounce in the poll I posted about yesterday. The NBC/Wall Street Journal poll has him moving up only one percentage point, a statistically insignificant change:

WASHINGTON - After a week of positive news for the White House — including the death of terrorist leader Abu Musab al-Zarqawi and the formation of a new government in Iraq — the latest NBC News/Wall Street Journal poll finds that President Bush's standing has slightly improved, especially when it comes to the situation in Iraq.

But with the November midterm elections getting closer, the NBC/WSJ poll also has plenty of troubling news for the White House and the Republican Party: Bush's job approval remains below 40 percent, a majority believes that the Iraq war was a mistake, and a strong plurality prefers Democrats winning in the fall…

According to the poll, 37 percent approve of Bush's job performance — an increase of one point since the last survey in April. This is the seventh straight NBC/Journal poll that has had Bush's job approval below 40 percent. Meanwhile, just 23 percent approve of Congress' job, while a whopping 64 percent disapprove.

Frankly, I'm not ready to draw any favorable conclusions yet. We'll just have to wait and see what the future brings. But, at least there isn't universal brouhaha.