You are right, but to an extent. Once things go from bad to worse, and they see they have been had, they, too will turn against Obama and the ruling elite.
I hate to say this but with most of the true Obama fanatics, he can do no wrong under ANY circumstances. Remember I work deep in an inner city high school. Most of the faculty are extremely liberal democrats. That goes double for the students in that demographic. He walks on water. For these people it really is all the fault of Bush. Stupid? Sure! But there is no denying the gleam of fanaticism that shines in their eyes. So don't think folks will suddenly waken from their stupor and turn on the ... Well, the hands they see as literally feeding them (rightly or wrongly)!