FDR did. He had a record of pure economic failure yet still won over and over again.
Different time. Different political dynamic. Plus, the problem is clearly rooted in this guy’s ideology, and the majority of voters know it. His numbers are in the tank. Unless there is real economic improvement. He is done. The electoral map looks terrible for Obama and the Democrats right now. Florida is gone. VA is gone. Pennsylvania is even at best. Unless he somehow locks down ALL the midwestern states that went overwhelmingly GOP in 2010, he has no path to win.