Red flags heralded the coming of Barack Obama even before his storied emergence onto the political scene.

The mystery was why so many followers fell for Obama’s lies. And why his approval ratings stayed so high even in the face of his dismal failures.

Now, 6 months after Obama took the oath of office, his supporters have finally stopped drinking the Kool Aid.

A comparison of national and smaller public polls show a downward trend of independent voters who approve of Obama’s job ratings. This is important because Obama needs these crucial independent voters if he has any hopes of winning a second term in office.

The polls are reacting to Obama’s heavy handed free wheeling spending that has more than doubled the national debt since he took office.

So far, Obama’s $800 billion stimulus bill (the one he didn’t bother to read) has failed to stimulate anything other than the coffers of the Democrats who supported his bid for office.

This is a huge sea change that is playing itself out in American politics,” said Democratic pollster Doug Schoen. “Independents who had become effectively operational Democrats in 2006 and 2008 are now up for grabs and are trending Republican.

“They’re saying, ‘Costing too much, no results, see the downside, not sure of the upside,’” he said.

Oh, and remember those jobs that Obama’s administration promised would materialize if Congress passed his porkulus bill? Well, now the Obama administration is de-emphasizing the jobs creation provision of the bill as a requirement when “rating” proposed projects for possible funding — a sign that the administration is beginning to panic.

And on Tuesday, the legendary investor Warren Buffet warned that unemployment — which stands at 9.5% (the highest level in 26 years) — could hit 11%!

Such signs are fueling discussions of yet a 2nd stimulus bill — though no one in Obama’s administration is willing to admit that a second bill is in the works.

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