The latest Gallup Survey showing President Obama’s approval rating at 47% is indicative of something: once the media-induced honeymoon ended, it has been a steady decline for this rookie, in-over-his-head executive neophyte.

Just look at this graph from pollster.com—a compilation of dozens of polls—of his approval/disapproval ratings during the year since his election:


(source: pollster.com)

It is indeed a steadily-declining approval rate—and a correspondingly increasing disapproval rate.

Obama has mis-managed his first year so horribly that he might not—ever—be able to get himself back to his honeymoon highs—the mid 70’s in some polls.

He has:

1) Veered Left on Federal spending and bailouts; thus the deficits are exploding;

2) Lurched way Left on bringing the 9/11 terrorists to NYC;

3) Totally mis-managed the health care debate—to the point where he has devoted seven months to something—and then last night settled for the removal of the troublesome ‘public option’—that he could have had with bi-partisan support last June!!!

4) Dithered on Afghanistan—and then given a speech last week which has confused us all—probably including the Taliban! And then Secretaries Gates and Clinton have subtly changed the timeline since the West Point speech to indicate we will be in Afghanistan for perhaps 5 more years.

5) Seemed to be standing by while the economy—and the jobs situation—has deteriorated. None of his “cures” are seen as working. Thus talk of yet another stimulus. But Obama is seen now as behind the eight ball on the economy—primarily because he has only been talking Health Care for seven months!

5A) The Jobs Summit was a total PR farce—and hurt him even more. That was a sham—all for show—and demonstrates that Team Obama is just paying lip service to this crucial problem.

6) Copenhagen and the Global Warming Issue are seen as another sop to the Left—not as something vital to the economic survival of the country.

7) Make no mistake about it: we are at a critical time in this nation: a political vacuum, a deteriorating economic and global position and a President in-over-his-head.

8) 2010 will be a good year for the GOP. But it will be more an anti-Obama-Reid-Pelosi vote than a pro-GOP vote. The Republicans still need to get their act in gear. Being anti is OK for now, but in order to win in 2012 we will have to have a good, tight positive message.

9) Sarah Palin is sucking all the oxygen away from any other GOP presidential candidates. Romney, Pawlenty and the others are getting nowhere—as of now—as long as she is on stage.

10) Many things will change by 2012. Whoever is up today, will be down—and vice versa. That’s how it works.

The Presidency of Barack H. Obama is deteriorating at an alarming rate—and few in the so-called Mainstream Media are yet taking notice.

Job losses and a declining confidence in his leadership on the economy have now bled into all other aspects of his Presidency. Let us examine a few:

1) President Obama and Attorney General Eric Holder’s decision to try the 9/11 terrorists in criminal court in New York City—conveniently announced while the President was in Asia and as far away from the controversy as possible—will lead to events and sub-plots that boggle the mind and show why over-educated, Ivy League Liberals don‘t understand the real world. This will clearly be the biggest, most covered-trial in American history. As such, all sorts of mischief—both inside and outside the courtroom—are likely.

What if a publicity-seeking, malcontent, trouble-making egomaniac, perhaps Muslim, juror sees $$ in his or her eyes? Can you imagine the book: THE JUROR WHO SAID NO TO TORTURE.

We have—often—seen jurors do this type of thing—despite rigorous voir dire by the attorneys.

Plus, defense attorneys will see a chance to make a name for themselves by propagandizing and grand-standing—in and out of the courtroom. The media contingent attending each day will be just too much to walk by without saying or doing something.

Most of all, this Obama-Holder decision is in fact their long-time liberal dream: put G.W. Bush, Dick Cheney and the CIA on trial. That is what this is all about.

2) The announcement—and then back-tracking—about women not having a recommended mammogram any more at age 40 is yet another sign of total incompetence by this administration.

They have sent mixed messages, then trotted out HHS Secretary Kathleen Sebelius to renounce the original announcement.

And this confusion has greatly harmed their campaign to get their health care bill passed.

It is as if this mammogram cut-back is the tip of the ice-berg of what is to come if national health care is implemented.

3) President Obama’s endless thumb-twiddling over Afghanistan has now become comical. On this trip to China he finally told the media that an “announcement was coming soon.” Then his staff said that announcement was still “weeks away.”

Of course, what is going on here is all politics. Obama is afraid to anger the Left—either on Health Care (by dropping the Public Option to get 60 Senate votes)—or on Afghanistan (by sending 30,000 more troops).

So he is holding off an Afghanistan announcement until he gets a better picture of the lay of the land in the Senate.

Meanwhile—as the troops flounder and the Taliban is emboldened by the President’s hand-wringing indecision—Obama’s approval rating continues to decline.

He is now under 50%—an amazing drop for someone with a compliant news media and total control of both houses of Congress.

In an NBC interview from China he talked of “all these airplanes circling the runway right now and we need to land one of them but the runway is congested right now.”

Oh, really? And just who “congested” it? Who put too many planes in the air at the same time?

You, Mr. President!

You have tried to do too much, too quickly at too great a financial cost—and you seem oblivious to the public outcry over it.

He is indeed more Jimmy Carter than Ronald Reagan.

Conclusion: more and more people are opposing this Administration. That does not mean they are embracing the GOP; the Republican brand is still severely damaged by Bush’s tenure.

Instead there is a leadership vacuum—unlike anything we have seen since the late 1970’s.

The next three years will be fraught with danger and the unexpected. Obama has lost his one-time opportunity to pull this nation together and lead it. He is already in decline and unable to even get his own party to do what he wants.

Get ready for a spate of events soon to unfold.