He was swept into office a year ago after an historic election, and millions thought he was poised to “remake this great nation” as he promised during his campaign. After a year in office, however, President Barack Obama continues to suffer setback after setback. The numbers don’t lie—this president’s approval rating has declined faster in one year than any other chief executive’s since pollsters have been taken seriously.

So it’s only fair to ask Obama supporters: How do you feel about your candidate now?

A routine examination of the most critical agendas of his policymaking leads to fair questions about the three big “Ws”: Wall Street, War, and Wellness (health care reform). This is not about fear mongering, or tea party taunting, but honest questions directed toward those who celebrated Barack Obama’s victory and hoped for the change he promised so passionately.

President Obama’s first major legislative victory was a $787 billion economic stimulus plan. It granted across-the-board tax cuts, but its main focus was to devote billions to infrastructure spending. A year later, unemployment remains at 10 percent, and while the administration claims to have created or saved 600,000 jobs, it has done so at a cost of more than $245,000 per job. Keep in mind, too, that the president signed this bill one day after it passed through Congress, completely ignoring his campaign promise to allow the American public an opportunity to review and respond to such bills on the White House website for five days.

President Obama inherited the largest national debt in history, $10.626 trillion, and he has only added to it, increasing it another $1.693 trillion—the largest increase in history. Is this the “accountability” and “fiscal responsibility” he trumpeted to victory? How do you feel knowing that Obama is an even bigger spendthrift than George W. Bush? How do you feel about the White House and a Democrat-controlled Congress giving banks and Wall Street billions of taxpayer money with no strings attached? You remember them—the money managers who were bailed out by the taxpayers and then handed out $145 billion in bonuses to their fellow fat cats?

When did the four deadliest months of the war in Iraq occur? This past year—on President Obama’s watch. This must be particularly galling for supporters who were emboldened by candidate Obama’s campaign promise to “remove one to two combat brigades each month, and have all...out of Iraq within 16 months.” Once he was privy to the highest levels of national security and military information, the president has acted oddly similarly to the much maligned President Bush, sending 17,000 troops to Afghanistan last February and another 30,000 late last year—along with yet another promise to start bringing troops home, but not for another 18 months. Surprisingly, there hasn’t been uproar over this absolute breach of his word, but surely those who’ve been so against this “unjustified war” have to be privately seething. One wonders who pressed the “mute” button on all those protest songs that undoubtedly would have surfaced had similar escalations been made by a Republican president.

Clearly the biggest disappointment for President Obama has to be the declining popularity and political haranguing over the health care reform legislation passed by the Senate last year, which now appears to be lacking the votes to pass in the House. The failure to reach an agreement on a compromise bill would be a huge political setback for the Obama administration. Even his most ardent supporters aren’t happy with many elements in the current bill, including a clause that would require Americans to buy insurance or face a steep fine—a condition Obama opposed during his campaign. And is anyone buying the claim that the exorbitant cost (about $1 trillion over 10 years) really won’t add to the deficit? Is there any major government program that isn’t in the red or teetering on financial collapse right now?

There are other relevant questions for Obama supporters. Questions such as, how do you feel knowing the government and the United Auto Workers union now run a big chunk of the U.S. auto industry? (You know, since they’ve proven to be so efficient over the years.) Or how you feel about the 38 former lobbyists that helped run his campaign, though he promised otherwise? Or the five cabinet picks, including Timothy Geithner, now Treasury Secretary, who are known tax cheats?

Is this the kind of leadership you expected when you went to the ballot booth, lo, those 14 months ago? If you were encouraged by the winds of change then, do you feel the same way today?