Because he works for himself, money and power, not for the people.

A recession is when your neighbor loses their job,
A depression is when you lose your job,
And Recovery is when Obama loses his job.

Elections Matter 2012...

This question is racist. You're out of control! lol It's going to be an interesting election year.

because there are still Bush haters who are completely for the idea of socialism only because it benefits them

Completely Racist Question! Bad Conservative, Bad!
And LOL, it's not His Money either, any more than the government budget is... I doubt that he even follows how it is Spent by his 'handlers', because he knows THEY know what is 'best' for him.
BO and Mooschelle are along for the Ride, playing with the Bling, and at this point I rather doubt that either one of them gives a Rat's Ass if he gets 're-elected', because their futures as 'royalty' are assured..

he lies he cheats he steals

Last one.