Adam Serwer echoes Seth Masket:
Grim forecasts aside, Obama has two important advantages: He retains levels of base approval higher than presidents facing bad economies usually do, and many Americans still blame Bush for the recession. Come election time, though, voters may simply decide that even if the recession isn’t Obama’s fault, he still failed to get us out of it. The presidency is not graded on a curve. Even assuming Republican intransigence and obstruction have given Obama the most challenging political landscape ever for a Democratic president, what matters is whether voters feel like he did what he was elected to do: Bring the American economy back from the brink.
The Dish 