Another Obama Supporter Jumps Ship

This time it's Michael Goodwin in the very liberal NY Daily News:

Not long ago, after a string of especially bad days for the Obama administration, a veteran Democratic pol approached me with a pained look on his face and asked, "Do you think they know what they're doing?"

The question caught me off guard because the man is a well-known Obama supporter. As we talked, I quickly realized his asking suggested his own considerable doubts.

Yes, it's early, but an eerily familiar feeling is spreading across party lines and seeping into the national conversation. It's a nagging doubt about the competency of the White House.

It was during George W. Bush's second term that the I-word - incompetence - became a routine broadside against him. The Democratic frenzy of Bush-bashing had not spent itself when a larger critique emerged, one not confined by partisan boundaries.

The charge of incompetence covered the mismanagement of Iraq, the response to Hurricane Katrina and the economic meltdown. By the time Bush left, the charge tipped the scales to where most of America, including many who had been supporters or just sympathetic, viewed him as a failed President.

The tag of incompetence is powerful precisely because it is a nondenominational rebuke, even when it yields a partisan result. It became the strongest argument against the GOP hammerlock on Washington and, over two elections, gave Democrats their turn at total control.

But already feelings of doubt are rising again. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid were never held in high regard, so doubts about their motives and abilities are not surprising.

What matters more is the growing concern about Obama and his team. The longest campaign in presidential history is being followed by a very short honeymoon.

Polls show that most people like Obama, but they increasingly don't like his policies. The vast spending hikes and plans for more are provoking the most concern, with 82% telling a Gallup survey they are worried about the deficit and 69% worried about the rapid growth of government under Obama. Most expect their own taxes will go up as a result, despite the President's promises to the contrary.

None other than Warren Buffet, an Obama supporter, has called the administration's message on the economy "muddled." Even China says it is worried about its investments in American Treasury bonds. Ouch.

Much of the blame falls on Treasury Secretary Tim Geithner, whose appalling tax problems softened the ground under him before he took office. After his initial fumbling presentations, he became a butt of jokes on "Saturday Night Live," not a sustainable image for the point man in a recession. And still the market waits for his answer to the banks' toxic assets.

Breaking up is hard to do. Read the whole thing...