President Barack Hussein Obama  (mm mmm mmmm) did not have a very good day yesterday, as he appeared at a Wall Street “Townhall” and was actually expected to answer tough questions about his policies after the worst U.S. recession since the 1930s was declared over by his inept administration.

As audience members at the meeting told him that they were fed up with and disappointed in his administration, and one woman said she was “exhausted” from defending him, Obama told them that he understood that they were frustrated.

Obama told the meeting, hosted by CNBC television (managed by one of his closest personal advisers, Jeffrey Immelt):

Even though economists (on his payroll) may say the recession officially ended last year, obviously for the millions of people who are still out of work … it is still very real for them.

Obama’s Democrats are scheduled to be swept out of power by an electoral tidal wave in November congressional elections by voters worried by U.S. unemployment, stuck near 10 percent, and by the horrible state of the economy.

The first lady to apporach the audience microphone explained to Obama the way that the cow ate the cabbage:

I’m one of your middle class Americans. And quite frankly I’m exhausted. I’m exhausted of defending you, defending your administration, defending the mantle of change I voted for, and deeply disappointed with where we are right now.

A visibly shaken Obama refrained from having a tantrum, and instead argued that the measures he had undertaken since taking office in January 2009 were slowly pulling the country back to health.

Yeah, Scooter.  At this rate, we ought to be there by the year 10, 058.

The leader of the Regime pontificated:

My goal here is not to try to convince you that everything’s where it needs to be — it’s not. That’s why I ran for president. But what I am saying is … that we’re moving in the right direction.

Right direction?  For what?

The National Bureau of Economic Research, the official arbiter of the U.S. business cycle, said on Monday the longest downturn since the Great Depression ended in June 2009.

I did not know that the government allowed drinking on the job.

Reality disagrees.  Recovery has remained largely below the level needed to quickly replace the millions of jobs lost in the recession, and recent economic indicators show marginal growth at best in the past couple of months.

According to Scooter, the deep economic hole that America is in is NOT HIS FAULT.  I’m shocked:

Something that took 10 years to create is going to take a little more time to solve.

Polls are now suggesting that Republicans may well capture the U.S. House of Representatives and have an outside shot at the Senate.

All 435 seats in the House and 37 of the 100 Senate seats are up for grabs in the Midterms.

With his poll numbers tanking rapidly, Obama’s disillusioned supported warned him that he was losing the communications battle with Republicans and urged him to fight back.

The Kool-aid seemed to be losing its flavor for a small business owner from Pennsylvania:

I need you to help us understand how you can regain the political center, because you’re losing the war of sound bites. You’re losing the media cycles.

According to pollster Cliff Young of market research firm Ipsos, Obama has a very slim chance of changing the narrative about the economy in time for the November election:

It doesn’t matter what he says right now. People have tuned out in some ways because they are not feeling the positive impact in daily life.

Obama told Americans that the $814 billion emergency spending bill in February 2009, known as the Porkulous Bill would boost economic growth. It has failed spectacularly.  Additional spending attempts by Obama  to use fiscal policy (i.e., our tax money) to try to jumpstart the economy have been blocked by Republican lawmakers concerned about the record U.S. budget deficit, predicted to hit $1.47 trillion this year.

The administration wants to spend a further $180 billion over the next 10 years to renew U.S. infrastructure, boost research and encourage corporate investment.

Obama also says that he wants to help consumer spending by making Bush-era tax cuts for families making less than $250,000 a year permanent, while allowing them to rise on richer Americans. The problem with that is that no American was ever hired by a poor person.  Republicans want the tax cuts extended for everyone.

The majority of the American business community feel that Obama is vilifying them and this sense of outrage is shared on Wall Street, which was dead-set against the political pandering shake-up of financial regulations that became law earlier this year.

One man who runs a hedge fund addressed Obama at the Townhall meeting yesterday:

I represent the Wall Street community.  We have felt like a pinata. Maybe you don’t feel like you’re whacking us with a stick, but we certainly feel like we’ve been whacked with a stick.

This was an understatement.  Hard-working Americans feel like a baseball hit by Albert Pujols, thanks to this president, his inept administration, and his sycophants taking up space in what might possibly be the worst Congress in American history.  November 2nd will be our turn at bat and the American people are going to hit it out of the park.