I would say most voters don't feel that anything has turned around economically.  And to make matters worse, all they hear is how the banking system is now more stable while banks revise lending/credit terms and increase fees with no real notice to their customers.  S long as most Americans continue to ask, where did all that stimulus money go?  Obama's numbers will continue to decline.  

but you can look it up yourself, if you're really interested...

The circumstances of the alleged plot, which ended in a trial and conviction of 11 Iraqis and three Kuwaitis, have always evoked skepticism, although Clinton himself was apparently sufficiently convinced after receiving reports from the Federal Bureau of Investigation (FBI) and Central Intelligence Agency (CIA) to order a missile strike on the Iraqi intelligence headquarters in Baghdad that killed six civilians in June, 1993.

Obama needs to go on both offense and defense.  I agree that he needs more surrogates.

I am surprised that Rahm hasn't been more aggressive on that front.

The problem is that many people don't believe Obama is doing all he can to benefit them.  They see a bailout of bankers without any quid pro quo (ie, better banking practices).  And to top it off, you have the admin and the cable news shows talking about a rebound (presently put on hold) which is exactly what people have heard for the past twenty years.  A profitable wall street does not necessarily trickle down to the little people.  And all they hear, yet again, is how much better things are becoming when nothing has gotten better for them.  They have a right to be angry and distrustful and they will grow increasingly more so because they were promised more.  

The White House has to share some of the blame for the following reasons:

1. When they had the chance to push through a big stimulus like Krugman, Stiglitz, Roubini etc were calling for they decided to pare the bill down to get a veneer of bipartisanship. The other voices were frozen out. The warning that Paul Krugman gave then was this: if the WH does not get it right the first time, coming back to congress for another trillion dollars will be political suicide and an impossible task. Sure enough, we are back at that point. The stimulus overseers have also done a poor job of releasing money in a timely manner and winning the public opinion battle.

2. TARP in its first incarnation was wholly unpopular. But what made it more unpopular was that more money was released to Citi, BofA, AIG and the big delinquent banks without any change in the board and without Wall street facing any form of punishment. So what do we have now? Credit, while it has started flowing, is still not where it should be even after the bailout. Today Bloomberg reported that Morgan Stanley is bunching its toxic assets with some nominally good assets and selling them with a AAA rating. If that's not enough Warren Buffet has gone on record on GMA criticizing the government's plan to force private entities buy toxic assets. His words:

Buffett also criticized the government's public-private investment plan, through which private investors are supposed to buy so-called toxic assets off the balance sheets of ailing banks that received billions in government aid.

"I do not like the idea of any kind of a plan involving the government where Wall Street makes a lot of money. My plan provided that they would make no money whatsoever, and the American public would make the money. I just think that Wall Street owes the American people one at this point," he said.

3. Finally if Obama does plan to keep blaming the previous administration for the current economic debacle he is not doing a very good job of hard sell. You do not see his surrogates out there saying so in this 24/7 news generation. Moreover, he spent a lot of political capital with the TARP and auto bailout. For better or for worse he now owns this economy and his advisory staff (Summers and Geithner) have done a piss poor job till date.