The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown By Nile Gardiner August 12th, 2010 The last few weeks have been a nightmare for President Obama, in a summer of discontent in the United States which has deeply unsettled the ruling liberal elites, so much so that even the Left has begun to turn against the White House. While the anti-establishment Tea Party movement has gained significant ground and is now a rising and powerful political force to be reckoned with, many of the presidentâs own supporters as well as independents are rapidly losing faith in Barack Obama, with open warfare breaking out between the White House and the left-wing of the Democratic Party. While conservatism in America grows stronger by the day, the forces of liberalism are growing increasingly weaker and divided. Against this backdrop, the presidentâs approval ratings have been sliding dramatically all summer, with the latest Rasmussen Daily Presidential Tracking Poll of US voters dropping to minus 22 points, the lowest point so far for Barack Obama since taking office. While just 24 per cent of American voters strongly approve of the presidentâs job performance, almost twice that number, 46 per cent, strongly disapprove. According to Rasmussen, 65 per cent of voters believe the United States is going down the wrong track, including 70 per cent of independents. The RealClearPolitics average of polls now has President Obama at over 50 per cent disapproval, a remarkably high figure for a president just 18 months into his first term. Strikingly, the latest USA Today/Gallup survey has the President on just 41 per cent approval, with 53 per cent disapproving. There are an array of reasons behind the stunning decline and political fall of President Obama, chief among them fears over the current state of the US economy, with widespread concern over high levels of unemployment, the unstable housing market, and above all the towering budget deficit. Americans are increasingly rejecting President Obamaâs big government solutions to Americaâs economic woes, which many fear will lead to the United States sharing the same fate as Greece. Growing disillusionment with the Obama administrationâs handling of the economy as well as health care and immigration has gone hand in hand with mounting unhappiness with the Presidentâs aloof and imperial style of leadership, and a growing perception that he is out of touch with ordinary Americans, especially at a time of significant economic pain. Barack Obamaâs striking absence of natural leadership ability (and blatant lack of experience) has played a big part in undermining his credibility with the US public, with his lacklustre handling of the Gulf oil spill coming under particularly intense fire. On the national security and foreign policy front, President Obama has not fared any better. His leadership on the war in Afghanistan has been confused and at times lacking in conviction, and seemingly dictated by domestic political priorities rather than military and strategic goals. His overall foreign policy has been an appalling mess, with his flawed strategy of engagement of hostile regimes spectacularly backfiring. And as for the War on Terror, his administration has not even acknowledged it is fighting one. Can it get any worse for President Obama? Undoubtedly yes. Here are 10 key reasons why the Obama presidency is in serious trouble, and why its prospects are unlikely to improve between now and the November mid-terms. 1. The Obama presidency is out of touch with the American people In a previous post I noted how the Obama presidency increasingly resembles a modern-day Ancien RÃ©gime, extravagant, decaying and out of touch with ordinary Americans. The First Ladyâs ill-conceived trip to Spain at a time of widespread economic hardship was symbolic of a White House that barely gives a second thought to public opinion on many issues, and frequently projects a distinctly elitist image. The âlet them eat cakeâ approach didnât play well over two centuries ago, and it wonât succeed today. 2. Most Americans donât have confidence in the presidentâs leadership This deficit of trust in Obamaâs leadership is central to his decline. According to a recent Washington Post/ABC News poll, ânearly six in ten voters say they lack faith in the president to make the right decisions for the countryâ, and two thirds âsay they are disillusioned with or angry about the way the federal government is working.â The poll showed that a staggering 58 per cent of Americans say they do not have confidence in the presidentâs decision-making, with just 42 per cent saying they do. 3. Obama fails to inspire In contrast to the soaring rhetoric of his 2006 Convention speech in Chicago which succeeded in impressing millions of television viewers at the time, America is no longer inspired by Barack Obamaâs flat, monotonous and often dull presidential speeches and statements delivered via teleprompter. From his extraordinarily uninspiring Afghanistan speech at West Point to his flat State of the Union address, President Obama has failed to touch the heart of America. Even Jimmy Carter was more moving.