About 60 percent (and climbing) of Americans receive some form of government subsidy so, yes, it is still very possible that he could get re-elected in 2012.
Eventually this economic model is going to collapse in upon itself since it is unsustainable at best and lunacy at its worst.
Reminds me of the Jimmy Carter years.
I remember the people that voted for that duck had the same euphoria. They were erasing the Nixon years. Carter was the “Hope and Change” of 1976. “The One we were waiting for”.
After two years of Carter, finding a job was like looking for a virgin in a whorehouse.