I think with the Gulf Oil spill disappearing into history, and if the Iraq pull out works for them next year things will go up for him. Afghanistan is still a millstone around his neck and that needs to be gone by the time campaigning starts in 2012.
Domesitcally, if the ecomony can be on an upswing, and unemployment tracking downwards if people are starting to feel good about life then Obama and the Democrats (if they hold on to the House ans sentate this year) will have what should be an ideal domestic agenda campaigning platform: We inherited a disaster from the incompetent Republicans and turned it around". But because there's more than just America suffering under the ongoing economic doldrums it's by no means certain that the American economy will be doing well enough for it to be working in the Democrat's favour.
Like Bill Clinton said: it's the economy stupid.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
