There is a growing sense of a “we’ve been had”, bait-and-switch. Millions of moderate Republicans, independents, and conservative Democrats—apparently angry at Bush for Iraq and big deficits, unimpressed by the McCain campaign, intrigued by the revolutionary idea of electing an African-American president—voted for Obama on the assumption that he was sincere about ending red state/blue state animosity. They took him at his word that he was going to end out of control federal spending. They trusted that he had real plans to get us out of the economic doldrums, and that he was not a radical tax-and-spend liberal of the old sort.
Instead, within days Obama set out plans that would triple the annual deficit, and intends to borrow at a record pace that will double the aggregate debt in just eight years.
I don't know how anyone who paid attention could have believed anything else but then again, that's why what they hoped.