Millions of independents and swing voters went for Obama for five reasons: (1) they believed the media hype that Bush was the “worst” (fill in the blanks); (2) the sudden financial panic of September 2008 and the anger at Wall Street banditry and bail-outs; (3) Obama’s youth, charm, and oratory; (4) the feel-good novelty of voting in our first African-American president; (5) Obama’s centrist campaign message of paying down debt, working with allies, drilling, being tough against Al Qaeda, and being bipartisan.
It’s taken almost 11 months, but voters now know that propositions 1-5 are now refuted or irrelevant:
1) Bush is history. Like Truman, in time he will begin to look better not worse. More importantly, Bush’s sins that bothered voters— too much big government and big deficits—were simply trumped by Obama’s gargantuan deficits and federalization of health care, banking, and the auto industry. “Bush did it” doesn’t work any more. “Obama did it even more” is the new worry....
http://pajamasmedia.com/victordavishanson/where-has-the-thrill-gone/