Hendrik Hertzberg deftly summarizes why Obama is systematically losing the left (the only folks who supported his Presidency to begin with):
Obama’s seeming refusal to hold [invoking the 14th Amendment to the Constitution] in reserve (“like the fire axe on the wall,” in Garrett Epps’s words) is emblematic of his all too civilized, all too accommodating negotiating strategy—indeed, of his whole approach to the nation’s larger economic dilemma, the most disappointing aspect of his Presidency. His stimulus package asked for too little and got less. He has allowed deficits and debt to supersede mass unemployment as the emergency of the moment. He has too readily accepted Republican terms of debate, such as likening the country to a household that must “live within its means.” (For even the most prudent householders, living within one’s means can include going into debt, as in taking out a car loan so that one can get to one’s job.) He has done too little to educate the public to the wisdom of post-Herbert Hoover economics: fiscal balance is achieved over time, not in a single year; in flush times a government should run a surplus, but when the economy falters deficits are part of the remedy; when the immediate problem is what it is now—a lack of demand, not a shortage of capital—higher spending is generally more efficacious than lower taxes, especially lower taxes on the rich.
The whole piece is fantastic, but this paragraph could easily form the basis of a savage, intellectually driven attack on Obama from the right. Well, it could if such a concept as “appealing to the intellect” or “thoughtful” even existed over there anymore. They’re too busy arguing over who loves the country the very most or who would starve the most children to death in their first 100 days to worry one little bit about convincing even a single Democrat or independent to join their particular crusade. For once: this is why the GOP will fail.