"If the election were next Tuesday he'd lose. That's how bad it is."

Polls indicated that people were disgusted with both the president and Republicans on Capitol Hill after the nasty summer debate, though Obama fared slightly better.

And the president’s vacation turned out to be a political liability as he attracted criticism for relaxing in ritzy Martha’s Vineyard amid the economic downturn…

While Obama promised shortly before his vacation that his speech will include a specific plan to create jobs, analysts and lawmakers are doubtful that the president will roll out much more than the infrastructure, payroll tax and trade plans that he has been pushing Congress on for months.