Veteran Democratic Strategist Says the Party is "in Decline"

Favorability has been dropping since Obama became president

One of the Democrats' most veteran strategists warns that the party is "in decline" and "at considerable risk" when President Barack Obama is no longer on the scene.

"Since Obama was elected President, the Democrats have lost nine governorships, 56 members of the House and two Senate seats," Doug Sosnik, the political director in Bill Clinton's White House, writes in a new memo.