Policy failures, as usually understood, mean nothing to the Democrat party because successes or failures are not relevant to the rationale behind those policies. Policies initiated by Democrats are intended first and foremost to cement the place and power of Democrats in the American polity. As I pointed out awhile back, all the post-election talk about what Obama's second agenda would be (energy? jobs? foreign policy? and so on) was meaningless since there would be one and only one second-term agenda for this president:... to eliminate political and economic competition to himself first and the Democrat party second. There is no other Obama agenda. Not jobs, not economic growth, not anything. Emplacing permanent one-party rule in this country is the sole goal for term 2.
There is nothing that will sidetrack him and the rest of the party from this goal. Increasing unemployment won't, nor North Korean nuclear tests, nor a weakening dollar, nor anything else.
It's what the Progressives have been working on now for almost exactly 100 years, with plenty of help from Republicans, witting and unwitting.
Now go read the whole thing.