His policies are not working. He has caved-in to the demands of certain special interests at the expense of the rest of the nation. Fannie Mae and Freddie Mac were pretty much the primary source of the financial meltdown yet it is business as usual for those two. The liquidation of Fannie and Freddie ought to be a top objective of the next president. The financial reform bill was a hastily passed political move to try to save a few seats for House Democrats. The unintended consequences of that bill are likely to do more harm than good to the economy.
I cannot in good conscience support the re-election of President Obama. He really is making this old quotation from President Reagan sound completely on the mark:
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."