A new poll out is just one more in a long line of abysmal polls showing President Obama’s dramatic fall over this past summer.

This week’s Economist/YouGov Poll is full of bad news for President Barack Obama. The frontrunners for the GOP nomination in the 2012 contest are pulling very close to him in head-to-head matchups, and his approval rating has been at or near the lowest levels of his Presidency for the last few weeks. And the worrisome economy keeps it there: this week just 36% approve of the way he is handing his job overall, the lowest rating ever in the two and a half years of his Presidency. More than half the public — 56% — disapproves of the President’s performance.

36% indicates, once again, that Obama is heading for a one term run. He has just about completely flipped his support/opposition numbers from the heady days of his inauguration. Even worse, the mistakes and misjudgements he and his party have run through since January 2009 are starting to pile up and spread to the Democrat Party at large:

One of the Democratic party’s leading pollsters released a survey of 60 Republican-held battleground districts today painting an ominous picture for Congressional Democrats in 2012. The poll shows Democratic House candidates faring worse than they did in the 2010 midterms, being dragged down by an unpopular president who would lose to both Texas Gov. Rick Perry and Mitt Romney.

We all know how well 2010 did for the Democrats – a historic blow out. So if it is really worse now than last year for Democrats, one can only ponder what type of devastation is now facing the Party of big-government incompetence.

Can the Democrat party even survive a repeat of 2010 in 2012? I would wager the party  runs the risk of going the way of the Whigs Party if they become so toxic only radical ideologues feel compelled to vote for them. If they become the symbol of screwed up, corrupt, big-government and the punching bag of voter angst then they could irreparably harm the Democrat Party brand.

Given the left have been on a tear to irreparably tear down the core of America’s values and strengths, this scenario is not as far fetched as some may think.

Then there is the litany of recent dumb announcements (see here and here) and bad news on Obamacare (see here and here) to indicate this administration has decided to accelerate its demise to full speed ahead. Evey day another chicken comes home to roost on liberals, and the administration’s response is stubborn denial.

Add to all of this the breaking Solyndra scandal and you have a baked-in 2012 shellacking of the Democrats:

The sudden bankruptcy of the Fremont, California, manufacturer of solar panels?—?after it was feted as a model creator of “green jobs” by President Obama and Vice President Biden?—?has already featured FBI raids, contentious congressional hearings, and demands for a special prosecutor to investigate. The plot thickened further last week when Solyndra’s two top executives, who made 20 trips to the White House while their loan application was under consideration, invoked the Fifth Amendment rather than answer questions from the House Energy and Commerce Committee.

The NY Times came running to Obama’s defense, but it was a weak and pathetic list of lame excuses. They claimed no political pressure was brought to bear, but with incessant involvement from the White House on a normally mundane and quiet selection process that is a joke of a lie. The administration claims they were blinded by lobbying, which is an admission of pressure from the politically connected people superseding legal responsibilities of government. You can’t get away with breaking the law by saying someone else made me corrupt. The excuses will only full those gullible groupies who refuse to open their eyes anyway.

The nail in the coffin against this backdrop of millionaire special treats paid for by taxpayers is Obama’s idiotic claim that he wants to be on the side of average citizen by taxing millionaires. Millionaires making money from corrupt and incompetent federal programs. Do the math. If the millionaires buddies of Obama have to pay an extra 10% on the $534 million they just spent on jobs in China and Europe (where much of the money went) they still walk away with 55% of our money. I have never seen anything more incoherent than defending the waste of millions of dollars on bogus green jobs funneled to Obama donors while saying he is a warrior for the non-millionaires.

This prior Obama supporter sums up the root cause of Obama’s (and the left’s) political problems:

I have now become convinced that President Obama’s biggest problem is that he believes — wrongly — that he (or his people) know better how to allocate resources than do the many millions of “men and women on the spot.”  This is the thing that keeps our very smart President from being a wise President.  It is killing economic expansion in this country, and it may well render him a one-term President.  It is, quite literally, a fatal conceit.

…

The President is proposing to penalize private investment (where the investors themselves decide which projects deserve their money) in order to fund government investment.  He proposes to penalize charitable giving (where the givers themselves get to choose their beneficiaries) in order to fund government outlays to the needy.  He calls for impairing municipalities’ funding advantage (which permits them to raise money cheaply to fund the projects they deem most worthy) in order to fund municipal projects that the federal government deems worthy of funding.

…

He believes that he and his people know better than the men and women on the spot how to allocate productive resources.  That conceit renders a very smart man very unwise.  Solyndra, I fear, is just the beginning.

Maybe if just once their conceit proved to be right – but not so far.

Fall 2011 looks like it will go down in history as the time when Obama’s presidency finally began to sink below the waves and take the Democrat Party down with it. Since most of the moderates have been purged from the very liberal party, there is little chance we will see a course correction. Independents are jumping ship to the GOS side. The Left plans to ride this disaster all the way to their political demise. It will take over a year to see the final stages of this slowing moving train wreck.