After enjoying months of towering poll numbers, legislative victories and well-received foreign policy initiatives, the White House has become increasingly concerned that President Obama's spending plans, which would require $9 trillion in government borrowing over the next decade, could become a political liability that defines the 2010 midterm elections.
The backlash against the government's free spending ways seems to have reached critical mass since Obama has doubled down Bush's deficit spending. If fact, for three straight months, March, April, and May,he has a problematic record when it comes to fiscal responsibility to say the least. He has set records that not even Bush in his most spendthrift mode wasn't able to approach.
People are getting tired of it. TEA parties broke out all over the country on tax day protesting bailouts and government deficit spending. There are more planned for July 4th as well.
Protests against Obama's healthcare plan have also broken out in Seattle and Green Bay.
While Obama's popularity is still relatively high, most of his policies aren't. This could spell doom for the Obama and the Democrats come midterms as this article accurately forecasts.