Don't Believe It
It's become fashionable among the ranks of anti-Liberal populists to blame President Obama for everything from the perceived loss of American prestige overseas, to increasing crime rates here at home. (This is likely at least in part a response to anti-Conservative populists blaming President Bush for higher oil prices to the collapse of the dot-com bubble, back when he was in office.) Common reasoning seems to understand the President as "secretly" anti-American, to simply incompetent.
But this raises an interesting question: If John McCain had become President, would he have managed to avoid all of these issues? These same people regard Senator McCain (and pretty much any/everyone else who espouses the right politics) as being patriotic and capable - therefore it follows that they are convinced that the United States would be in a stronger position vis-a-vis the Chinese, that the economy would be better and that the wars in Iraq and Afghanistan would be on a clear path to victory.
That seems like too much hype for anyone to live up to.
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