Is Obama going to be a one-term prez?
It’s way to early to tell.
In 1994, Bill Clinton was hugely unpopular (Democrat candidates asked that he not appear with him, and Republican ads tried to link their Dem opponents to Clinton), the Democrats lost the House and Senate, and at one point a frustrated Clinton actually felt compelled to say “I’m not irrelevant”.
Two years later a hugely popular Clinton crushed Bob Dole in a landslide.
1994 proves nothing in 2010, except that it is way too early to tell what 2012 will bring.