All is not so bleak...
Public Policy Polling reports
Obama's approval numbers with Hispanics are down. But Hispanic voters absolutely hate the GOP field. And because of that Obama's winning margins with Hispanics would be as large or even larger than they were in 2008 if the election was today and they'd be one of the key groups propelling him to reelection.
Obama's falling popularity perhaps gives Republicans an opening with Hispanics- but the current front runners aren't very well positioned to take advantage of it. Because of that Obama's likely to win Hispanics by similarly overwhelming margins to 2008 and that's going to make it very hard for Republicans in states where they are a key segment of the electorate.
Hispanics, like African-Americans, recognize that the GOP field is an Insane Clown Posse of haters who will do nothing
for them and quite a bit
to them if one of these jokers is elected President.
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