But the economy turned around for Clinton thanks to the dot com revolution and technology bubble. That's not going to happen for Obama. The only thing that could save 0 is the economy improving dramatically and with his policies that's not going to happen.
But nothing. It's hubris to think that Obama's present failures will remain unadressed, much less to think that the Republicans will do anything other than return to historical form and hand him a victory in 2012.
Even if there's a huge electoral rout in November -- or maybe because of it -- it would be suicidal just to assume Obama is out of the game.
Never forget that Clinton was out of the game in 1994. He was seriously damaged goods. And yet he still managed to kick the crap out of the Republicans only a year later.
The Republicans' mistake then, was to confuse electoral victory with the power to govern. Clinton knew the difference, and used it to resurrect his political career.