Charles Krauthammer:
  • What went wrong? A year ago, he was king of the world. Now President Obama's approval rating, according to CBS, has dropped to 46 percent — and his disapproval rating is the highest ever recorded by Gallup at the beginning of an (elected) president's second year.

    A year ago, he was leader of a liberal ascendancy that would last 40 years (James Carville). A year ago, conservatism was dead (Sam Tanenhaus). Now the race to fill Ted Kennedy's Senate seat in bluest of blue Massachusetts is surprisingly close, with a virtually unknown state senator bursting on the scene by turning the election into a mini-referendum on Obama and his agenda, most particularly health-care reform.

    A year ago, Obama was the most charismatic politician on earth. Today the thrill is gone, the doubts growing....the reason for today's vast discontent, presaged by spontaneous national Tea Party opposition, is not that Obama is too cool or compliant but that he's too left.

    It's not about style; it's about substance.

    First energy, with cap-and-trade, an unprecedented federal intrusion into American industry and commerce. It got through the House, with its Democratic majority and Supreme Soviet-style rules. But it will never get out of the Senate.

    Then, the keystone: a health-care revolution in which the federal government will regulate in crushing detail one-sixth of the U.S. economy. By essentially abolishing medical underwriting (actuarially based risk assessment) and replacing it with government fiat, Obamacare turns the health insurance companies into utilities, their every significant move dictated by government regulators. The public option was a sideshow. As many on the right have long been arguing, and as the more astute on the left (such as The New Yorker's James Surowiecki) understand, Obamacare is government health care by proxy, single-payer through a facade of nominally "private" insurers.

    At first, health-care reform was sustained politically by Obama's own popularity. But then gravity took hold, and Obamacare's profound unpopularity dragged him down with it. After 29 speeches and a fortune in squandered political capital, it still will not sell.

    The health care drive is the most important reason Obama has sunk to 46 percent. But this reflects something larger. In the end, what matters is not the persona but the agenda. In a country where politics is fought between the 40-yard lines, Obama has insisted on pushing hard for the 30. And the American people — disorganized and unled but nonetheless agitated and mobilized — have put up a stout defense somewhere just left of midfield.

    Ideas matter. Legislative proposals matter. Slick campaigns and dazzling speeches can work for a while, but the magic always wears off.