Barack Obama's Presidency can't lose. It's pretty much of a cinch that Bush's Fed Chairman and Treasury Secretary aren't going to turn things around in the next sixty days. So Bush is going to own this depression. Just like Herbert Hoover owned the one that dominated the 1930s, even though he was President during very little of it. It's not going to hurt Barack at all that Bush was a total asshole as President, with the lowest popularity ratings since Andrew Johnson.
If things continue to get worse or stay bad, Barack doesn't have to make them better. He just has to convince the people that are suffering, that he is on their side. If he doesn't do much for them, he just has to say he's doing all he can. There are so many in need and not enough to go round. People will see the truth in that. They will need somebody to believe in. The worse conditions get. The higher the levels of poverty and unemployment. The better for Barack. He can pass all the regressive tax measures he wants, they aren't going to hurt people that don't have any money anyway. If those who are prosperous are treated unfairly, so what? They are prosperous and can afford to pay. There aren't going to be enough of them to turn Barack out of office. Fuck'em.
If things do get better, then Barack is the savior of the country and a second term is assured.
Republicans think they will make gains during the next election cycle, because they have lost the last two. I think that is not very likely. If they treat Barack with cooperation and respect, they validate him and more people will vote Democratic. If they continue to vilify him, they will be seen as the dogs in the manger that they are and people will still vote Democratic as an anti Republican response.
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