It depends on who you ask. The US president has a difficult job and many will disapprove of his work no matter what he does. Right now the US is dealing with a war in Afghanistan, Libya, trillions of dollars of debt and a nine-percent unemployment rate.
Under Barack Obama's presidency the debt has increased from $10.7 trillion to $14.2 trillion by Feb. 2011. For this reason alone people say he is doing a poor job.
This kind of question is inherently unanswerable, as you are asking a subjective judgment. Note that you're not asking "is he bad for America", which might allow for some objective assessment of various metrics.
What you are asking is "wrong", when there is no clear (or even, a vague) definition of "right". Thus, your question can't have any sort of objective answer.
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