The rising clamor over the beheading of two Americans, and rapidly sinking polls, forced President Obama to reassure the nation last week he had a plan to deal with the Islamic State. He did some of what he had to do, but only some, and so most military analysts believe the expanded airstrikes will not be a sufficient match for the size and weaponry of the terrorist army.

They miss the point. The disjointed speech wasn’t really about terrorism and launching a new war. It was about saving Obama’s presidency.

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He is sinking fast and could soon pass the point of no return. In fact, it may already be too late to save the SS Obama.

The whole second term has been a string of disasters, with the toxic brew of his ObamaCare lies, middling economic growth and violent global breakdown casting doubt on the president’s stewardship. Six years into his tenure, nothing is going as promised.

To continue reading Michael Goodwin's column in the New York Post, click here.

Michael Goodwin is a Fox News contributor and New York Post columnist.