Nope. Recent polls show the mid-term/Tucson glow fading:
http://www.google.com.au/search?hl=en&rlz=1C1DVCK_enAU396&tbs=nws:1&q=obama+polls&aq=f&aqi=&aql=&oq=The economy is weak, with still near-10% unemployment officially- and large numbers of defacto unemployed mean the real number is about 20%(
http://sandiegonewsroom.com/news/index.php?option=com_content&view=article&id=43261:how-accurate-is-the-federal-unemployment-rate-&catid=230:economy&Itemid=261). If it doesn't fall below 8% come election time, he will be favored against someone like Palin and competitive against someone like Gingrich, but Romney/Huckabee/*insert non-crazy dark horse* will have a pretty easy time of it methinks.
And my gut feeling through observing the general global instability presently is that he'll be unlikely to pass through the next two years without serious foreign humiliation. He's had embarrasments so far(Copenhagen, missing withdrawal deadline for Iraq war), but no humiliation yet- don't expect that lucky streak to continue.
Public sector unions are coming under attack in important Midwestern states, which will weaken the Democratic organization in those states, while Citizens United continues to present the Republicans with a sizable boon.
Poll
