Yup, Option #3 looks like the right one. Charles Krauthammer also nails the utter cluelessness of the democrats in the wake of the recent miracle in Massachusetts.

To recap the video, Mr. Krauthammer states that our Dear Leader left out option #3 when discussing how his term in office will be seen.  His record so far is one of mediocrity at best, and he doesn’t show any indication of improvement.  So, he will probably be a mediocre one term President, with ratings that high only because of a fawning press.