Or, at least, his conclusion:
What I expect, instead, if and when the midterms go badly, is that the usual suspects will say that it was because Mr. Obama was too liberal — when his real mistake was doing too little to create jobs.
But, of course, Barack Obama hasn't done anything to create jobs precisely because of his liberalness. Obama has pursued a course that Americans have objected to vociferously, yet it has done nothing to stop the assault on the American economy.
Some of my friends argue that Obama seeks to ruin our economy and replace it with socialism, communism, or some form of dictatorship, but I'm not that conspiratorial. I do believe BO thinks his policies are best for solving the country's problems, but his answers are all wrong. While Krugman complains that the stimulus package was simply too small to turn around our economic woes, most of us recognize that personal bad economic times don't get better by continuing to rack up giant credit card bills. It gets better by (a) cutting spending and (b) increasing income. In the case of our country, this would mean holding the line on discretionary spending (no increases) and giving businesses incentives for hiring and producing. This could be accomplished in a variety of ways, including assuring businesses that you weren't going to add a bunch of new regulations that are going to cost them billions to implement (such as Obamacare).
Instead, what we have are Democrats behaving like Democrats, then shrugging when Americans reject it. For them, the problem isn't their arrogance and terrible policies; the problem is America.