Obamalism: a political/social/economic philosophy that combines socialism, collectivism and redistribution of your money wrapped around a killer smile.

Welcome, Mr. President, to your new reality. One, BTW, you did not inherit. One that you created. One that We, The People reject.

Despite Obama's defiant assertion that he would rather be a "really good one-term president than a mediocre two-term president," he seems to be ready to cave, just like Clinton.

Angry voters are fed up with a left-wing, job-killing, anti-business agenda. In every demographic — racial, gender, age, ideological affiliation — Obama's popularity is down.

Blaming Bush no longer works. Obama indeed inherited a sluggish economy, with a large debt and deficit. His solution? Increase both!

Obama did not inherit the $800 billion-plus "stimulus" plan or various subsequent ones.

Obama did not inherit a "sweeping" financial regulation of Wall Street that leaves in place Freddie Mac, Fannie Mae and the Community Reinvestment Act, the primary cause of the housing meltdown.

Obama did not inherit government takeovers of the automotive companies. He did that.

Obama did not inherit a massive "green jobs" initiative, in which private companies refused to invest. Yet Obama is taking your money and doing exactly that.

Obama did not inherit ObamaCare, a monstrosity that even he no longer claims will "bend the cost curve." Instead he forced this upon us. It adds 30 million Americans to the ranks of the insured, will decrease the number of doctors, and put beaurocrats in charge of your health care to the point of telling you what drugs and procedures you may and may not have. He ignored obvious measures to improve accessibility and affordability, like allowing us to pick from insurers across state lines.

With the arrogance of a community organizer for whom "profit" is a four-letter word, Obama expected merely to wave his hope-and-change wand and — voila! — companies would continue to operate as they did before. They would make no adjustments to reflect the new costs imposed on them.

Large insurers recently announced large premium increases. They are dropping certain policies, like those for children only, because ObamaCare requires the acceptance of those with pre-existing illnesses. When insurance companies announced increased costs and/or reductions in policies, Health and Human Services Secretary Kathleen Sebelius summoned her inner Fidel Castro: "There will be zero tolerance for this type of misinformation and unjustified rate increases." No wonder they kept Gitmo open; health care dissidents have to be "re-educated" somewhere.

Obama said: "If you like your doctor, you will be able to keep your doctor. Period. If you like your health care plan, you will be able to keep your health care plan. Period. No one will take it away. No matter what." But employers are now asking for larger copays or offering more restrictive plans. Some will drop them altogether and pay the fine.

Several states filed lawsuits to declare unconstitutional ObamaCare's mandate that every American man, woman and child have health insurance. With a four-conservative/four-liberal/one-swing-vote Supreme Court, the mandate could be struck down for violating the commerce clause. No mandate, no ObamaCare.

It's been one quite expensive and, to an unknown degree, irreversible teachable moment. As for Obama, he doesn't get it. Leftists seldom do. But for most voters, the fog has lifted.

Obamalism does not work.