CNN can spin until their wheels fly off, but the average American blames the President for economic troubles. Obama has some time left on the clock to cause more havoc, but it's too late for him now. He's going to pay in 2012, and so will the Democrats.
Unless we dust off John McCain and send him back in for round 2, Obama's officially a one term President, as of today.
To be very honest, as of today or rather yesterday, Obama is TOAST in 2012. He is for all purposes, FINISHED, a ONE TERMER.