Is Obama Winning the Battles but Losing the War?

Barack Obama has scored more substantive legislative victories than any Democratic President since Lyndon Johnson back in the 1960's, including healthcare and finance reform. But some Washington pundits say he is "still widely perceived as flirting with a failed presidency." How can this be? Why have Independents and even prominent Liberals turned against a politician who's delivered on so many promises? Is he better at politics than he is at communication after all? Is it "the economy, stupid," or is the political class drawing too many conclusions too soon?