In exasperation I think Obama’s supporters will revert to the race card more often still, which in turn will only take his popularity even lower. Because of his inexperience and unfamiliarity with political hostility, I think Obama will press ahead on the present course, heightening partisan tensions, dividing the country, and ultimately diminishing his presidency further still. Again, the voters wanted youth, charisma, competence, fiscal sobriety, non-partisanship, and are getting radicalism with an increasing edge to it.
An inflation-, debt-induced mini-recovery, I think, will help Obama by early next year. But the laws of physics will then catch up to him, as a falling dollar, high interest, high inflation, low growth, and high unemployment return to choke off a return to former prosperity. His political fortunes will hinge on what part of this economic cycles the elections fall, and the degree to which he jettisons the Chicago style (I predict many of us critics will be fully audited by next April or see Team Obama increase the swarm on websites and postings). With savvy Democratic role models like Truman, JFK, and Clinton, it is suicidal that he pursues a Carter, Mondale, Dukakis, or Kerry agenda—as if he really thinks voters supported him to resurrect such unpopular policies.