There most definitely is a cult around Obama, but it was made possible by the
Cult of the Presidency,
which long precedes Obama.
The political establishment in this country has been cultivating an imperial aura and power for the executive for a long, long time. Our country seems to be run by literal royalists. Why do you think we're so bombarded by propaganda about British royalty, for instance? Closer to home, how many mentions of "American royalty" or "American dynasty" or "American aristocracy" did you hear surrounding the death of Ted Kennedy?