TIME abandoning the sinking USS 0bamatanic?

Get this (via Jennifer Rubin):

Barack Obama is being politically crushed in a vise. From above, by elite opinion about his competence. From below, by mass anger and anxiety over unemployment. And it is too late for him to do anything about this predicament until after November’s elections.

With the exception of core Obama Administration loyalists, most politically engaged elites have reached the same conclusions: the White House is in over its head, isolated, insular, arrogant and clueless about how to get along with or persuade members of Congress, the media, the business community or working-class voters. This view is held by Fox News pundits, executives and anchors at the major old-media outlets, reporters who cover the White House, Democratic and Republican congressional leaders and governors, many Democratic business people and lawyers who raised big money for Obama in 2008, and even some members of the Administration just beyond the inner circle.

Wall Street Journal editorial? Fox News? Pajamas Media? No… Mark Halperin in Time Magazine. Adds Jennifer:

The mainstream media, it seems, are cutting their losses. They invested enormous time, credibility, and emotion in bolstering their chosen candidate. But he hasn’t panned out, and new power players are headed to Washington. So it’s time to scramble back to some semblance of realistic coverage and concede that all those “accomplishments” in the past two years didn’t accomplish anything — not an economic recovery, not political ascendancy for Obama, not electoral success for Democrats, and not an era of bipartisan harmony. Just the opposite.

Now, don’t get your hopes up. As soon as viable 2012 presidential contenders appear on the stage or the GOP Congress faces off with Obama, expect the press to return to blocking and tackling for the president. But the magic is gone, the spell is broken. The press has figured out two years later than many of us that Obama is simply another liberal pol — and, as it turns out, an extraordinarily unpleasant and incompetent one.

The always pithy Instaman adds: “Hey, [the media]’ll go down for you, but they won’t go down with you. . . .” Actually, I was thinking of a different preposition to describe the relationship of the MSM with the Naked Emperor.

And let me add something. The moment the New Class/Ruling Class can produce a standard bearer for liberal left policies that is even marginally less of a disaster, they will drop 0bama like a stone and start extolling this one as a savior. Like in this song about the music industry.