His policies have NOT failed. That is Republican trash talk. He has plugged the leak in the dyke left by the previous administration. He took on an $11 trillion federal debt left by Bush when he took office and a $1.2 trillion deficit and though he added $5 trillion to the previous debt, he has reduced the deficit. The Republican Congress wont pass his jobs bills.
He has added 4 million private sector jobs, given numerous tax credits, tax cuts, tax rebates for individuals and small business, health insurance reform, banking and credit card reform, attempted financial reform, capture of many terrorists including bin Laden, deportation of 400,000 criminal illegals, reducing the cost of student loans and reducing government costs of SSI and Medicare by consolidating of functions and uncovering fraud, reducing social security tax, extending unemployment bennies, giving seniors a one-time rebate, saving the American auto industry and thousands of related jobs from going non Union or overseas, signing a nuclear treaty with Russia, reducing federal employee workforce, paying states share of Medicaid, saving first responders jobs, eliminating discrimination in the military and supporting gay marriage, double the Dow Jones index from 500 to 13000.
Mr. Obama has uncanny knowledge of governance, geo-politics, domestic social policy, international relations and macro-economics.