From Contentions comes this spot-on analysis (Peter Wehner):
Wednesday marks the one-year anniversary of Barack Obama’s inauguration. It has been, by almost any measure, a difficult and disappointing year for him and his party.
Mr. Obama now has the highest disapproval rating in Gallup’s history for a president entering his second year in office. According to a new Washington Post–ABC News poll, among independents, only 49 percent approve — the lowest of any of his recent predecessors at this point in their presidencies. (Obama has lost a stunning 18 points among independents in just a year’s time.) In November, Democrats suffered crushing defeats in the New Jersey and Virginia gubernatorial campaigns — and if Republican Scott Brown prevails in his race against Martha Coakley in tomorrow’s Senate election in Massachusetts, it will rank among the most important non-presidential elections in our lifetime.
It has been a staggering collapse by a president who entered office with enormous support and an unprecedented amount of goodwill."
Be sure to read the whole thing.