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The general consensus among liberals is that he has been a huge disappointment, but McCain in '08 or Romney in '12 were not good alternatives even in hindsight.
Conservatives had previously called Jimmy Carter the worst president of all time. Now they think that title belongs to Obama.
People in the center are becoming jaded by American politics and generally do not trust either party right now. But since a choice has to be made, they are leaning towards the Republicans. Their view of Obama is that he is very weak and that McCain or Romney may not have been a bad choice looking back.
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