Take heart: all is not lost. All was not lost after Reagan transferred hundreds of billions of dollars of real, material wealth from the masses of people to the ruling class. All is not lost after Bush transferred ten trillion of dollars of real wealth to the ruling class. One or two more orders of magnitude and you can rule the world, with absolute power and privilege undreamed of by the most extreme caricature of a decadent oriental potentate.
You are revolutionaries, intent on making radical changes to the very fabric of society. Such a revolution always entails unexpected and unanticipated problems. Those problems require a period of readjustment, a time to "catch your breath" before the next push.
That's what the Democratic party is for. Obama is to your next leader what Clinton was to Bush: someone who will stabilize the last round of problems so you can pursue the next round of changes from a solid base. You'll lose this election. If you're smart, you want to lose this election. You cannot both solve the temporary problems stemming from the latest round of revolution and still keep your credibility for the next round. Better to delegate the task to the Democrats, because you can attack them publicly for the problems while they stablize the new state of society.
You're almost there; you need just one more big push, probably in 2016.
In the meantime...
You need someone like Sarah Palin, or perhaps Sarah Palin herself. A critical component of your strategy must be to hold the religious right as your base for the popular legitimacy you'll need for the next push. They're perfect: they'll never vote their own material self-interest. Promise them you'll burn gays and atheists at the stake and keep the women barefoot and pregnant, and they'll give you everything they own and work overtime to give you more. Sarah: Stay in good with the relgious right. You might run, but (unless Obama is already sinking fast and unelectable) make sure you don't get nominated in 2012. Keep your powder dry and run in 2016.
Make sure the Murdochs are on board. They are critical. Promise them anything and make damn sure you deliver. If you lose the mainstream media to the forces of truth and the interests of the people, you're doomed to wait at least another generation for absolute power. Or, worse the goddamned commies might sweep in and defeat you completely.
Using the mainstream media to push hard hard hard on Obama. Start on day one and don't ever let up. If Obama makes the tiniest mistake, attack. Block any attempt for him to do anything good. If he does manage to do something good, take the credit and attack him for preventing you from doing better.
Keep attacking the Democratic party for being communists, socialists, fascists, traitors, terrorists, atheists, child molesters; they should be both a monstrous, imminent danger to humanity and ridiculous figures of supine impotence. If a Democrat sneezes, accuse him of germ warfare. The attacks don't have to be reasonable, logical or sensible; if you have the mainstream media to repeat the accusations, people will believe — even if they don't believe any of the specific allegations — that Obama and the Democrats are not really "our kind of people."
You'll have a congressional majority in 2010. Like Palin, keep your powder dry: wait until 2014 and then pull out the last of the stops. Impeach him then. If you can, actually prosecute him. If you can actually force him out of office (even better if you can actually put him in prison) Biden will be an easy target in 2016. But even if he beats the impeachment, the 2016 Democratic candidate will be too compromised, too defensive to put up much of a fight.
In 2016 run your Palin. You must have the religious right; you cannot, like Bush pere, be half-hearted or wishy-washy about them. You must have someone like Bush who really is one of them. Don't worry, they just want authority; dress up your authority in their trappings and they'll jump off a cliff for you.
In 2016 you won't have to fool around behind the scenes like Cheney had to. The people will hunger for a strong leader; you can do whatever you please completely openly. Fire everyone who didn't totally, completely oppose Obama at every turn and put in those who will be 100% loyal to your program.
And then? The sky's the limit. You can do whatever you please, without fear of reprisal or punishment. Anything: your will limited only by your imagination. Since the dawn of human history, people have only dreamed of such unfettered power; you can achieve it.
What are you waiting for?