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Barry did get elected and on what, senator present, the light worker, the most transparent administration in the history of the universe.
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I think it was a couple of things.
Bush Fatigue. The left successfully painted McCain as "Bush's 3rd term" - average people probably bought that Obama had good intentions for America, and would be somewhat moderated and guided along by the more experienced Biden.
Historic significance. Many Americans who really didn't have an opinion either way on Obama (And why would they ? he did absolutely nothing to rock any boats - good or bad) figured being among the first people to elect a black president was a pretty noble thing - they felt that their vote would help illustrate that America is finally beyond race.
Now however -- all that is gone.
The Obama administration has done essentially nothing to help improve anyone's lives, save for the ACA, which most people on both the left & right dislike. The only people who feel like they have gotten something are those who enjoy getting things at other people's expense.
We have now elected a black guy. Been there, done that. Now people are going to measure Obama by his actions, and it seems most aren't impressed. People also realize that instead of working to end racial division, Team Obama is intentionally cranking it up to eleven. The only people who like easing up in illegal immigrants are other illegal immigrants and their sympathizers. The only people who approve of race-based politics are other racists.