People believed whatever he said, whether about how he would cut the federal deficit in half during his first term or how people could keep their current insurance and their current doctor under ObamaCare, which would also insure millions more people and yet somehow lower the costs at the same time.
If he could have done these things, it is hard to know what he could have done for an encore. Walking on water would have been an anticlimax.
Of course he did none of these things. The Obama administration added more to the national debt in his first term than President Bush had in both his terms put together. As for ObamaCare, which has not yet fully taken effect, health care costs have already gone up, and many people's hours of work have already gone down, as employers seek to escape the huge costs of ObamaCare by hiring part-time workers, who are exempt.
As for foreign policy, President Obama began by betraying a pre-existing American commitment to allies in Eastern Europe, to supply them with an anti-missile defense system. These nations had risked the wrath of Russia by allying themselves with the United States, but Obama blithely talked about pressing the "reset button," as he flew off to Moscow to try to cut a deal with the Russians behind their back.
His boorish behavior toward one of our oldest and most important allies (Britain) and his insulting behavior toward the Prime Minister of our staunchest ally in the Middle East (Israel) were more of the same.
Meanwhile, Obama fawned over the rulers of other nations, bowing deeply from the waist before the king of Saudi Arabia and the emperor of Japan, in a gesture of subservience that no other President of the United States had ever stooped to. But the adoring media never asked the most obvious question: "What kind of man is this, who feels a need to lower his own country?"
President Obama was caught by a microphone that he did not know was on, telling Russian President Medvedev to assure "Vladimir" that he could be more "flexible" with him after he was past the 2012 elections, and was no longer constrained by the American voters.
Far from getting Putin's respect, he deservedly earned Putin's contempt. When Obama's new Secretary of State, John Kerry, went to Moscow for the first time in that official capacity, Putin kept him waiting for hours before bothering to see him.