Y'all are forgetting that this general set of circumstances - an extremely left-wing president, ineffectual administration policies and legislative agenda culminating in extraordinarily high unemployment, recession, etc. etc... - has reared it's ugly head before.
All the pundits of the time swore that the Dim'Rats were going to take a pounding in the 1934 mid-term elections because FDR's big government expanding policies had clearly exacerbated the impact of the Depression. What nobody counted on was FDR holding on to "New Deal" funds - turning them into a personal slush fund, of sorts - until the last 3 months befor the November election, and then pouring them into congressional districts that were hard hit, but still heavily enough on the Dim'Rat side that they could be turned into a Dim'Rat victory. He poured so much money into those districts that the Reps for those districts couldn't keep track of it all; didn't matter, because FDR sent flacks with specially prepared charts and graphs for each district, showing the voters what the Dim'Rats had done to turn around the Depression in their area. It didn't matter that it was horseshit, or that the money was drying up as soon as the election was in the bag; they saw the flood of money coming in, they saw the Dim'Rats hands on the throttle pouring it in, and come November, they like dutiful sheep, pulled the lever for the Dim'Rat candidate.
Don't think for a second that Comrade Zero hasn't read that play book, or that he's forgotten about all of that TARP money just sloshing around in SecTres' piggy bank. That's vote buying, "walkin' around" money, to borrow a phrase from Al Sharpton. The 2010 elections are far far FAAAAR from in the bag, no matter how badly Lord Zero and his merry band of idiots seem to be pissing off the electorate now. Money makes for marvellously short term memories.