Exceptional rhetoric + mediocre performance = falling approval ratings.

Why isn’t Barack Obama as popular as he once was? I hazard my best guess over at True/Slant:

Perhaps a down economy is the biggest reason that President Obama’s numbers are down, but I cannot help but wonder if his slip isn’t also due to a lie at the heart of his campaign. This man is calculating politico, as comfortable as anyone we’ve got at navigating Washington DC as it exists today. It’s a style of leadership that is perfectly defensible. But he sold himself as an idealistic agent of change whose special contribution would be fixing a broken status quo.

Lots more here.