Disaster
There's no social security reform, no John Bolton confirmation, no bin Laden, no sufficiently trained Iraqi police force or acceptable infrastructure, no blanket rejection of the filibuster, unemployment is still 5%, the Iraq War has obviously not made Britain or the US safe from terrorist attack, nobody wants to join the military, and nobody is left in the National Guard reserves. The public now blames Bush for the war, thinks it wasn't worth it, disapproves of his presidency, and now a record-low 41% say he qualifies as honest, while his Adminstration is mired in a scandal that's slowly painting his most trusted and loyal advisor as just this side of a traitor.

I'd say Bush's second term is going pretty well, wouldn't you?