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Unless some Black Swan event takes place one can start writing the Barrack Obama political obituary. With the failure of previous economic plans President Obama's Jobs plan was the last roll of the political dice. In that speech he had to show a new face that was more in line with economic realities than his previous ideological stance of greater government is the solution to our problems

However true to form President Obama stuck to his personal and political belief system and delivered more of the same. The results of this speech has been a further dip in the Polls which means that Americans have heard this rhetorical story before and are tuning out President Obama. The disdain is even spreading to the once loyal acolytes of the financial media when they say, "You should hear what is said off camera about about President Obama, it is complete disdain for the President. Obama is the blame, is all we hear." Thus Main Street America but more importantly those who make America move have lost faith with this President to the extent that it looks like a redux of Jimmy Carter on steroids. President Obama's political power is fading fast. This failing light of power is particularly high lighted by the revelations of the White House role in arranging the $500M Solyndra loan guarantees and now the effort of trying to get General Shelton to amend Congressional testimony. Both of these potential burgeoning scandals are further evidence of a wane in Presidential power.

President Obama has realized that the Jobs Plan is his last roll of the political dice before the 2012 election and that things are not going well. That he has lost touch with the American people long ago and now people are fed up with listening to more of his preening elocution. This why we see an EVER MORE desperate and shrill Barrack Obama trying to claw back the support he once enjoyed. However this is destined to fall on deaf ears as President Obama is not capable of delivering something new as he is wedded to his personal and political views.