With the deteriorating security situation in Iraq and the White House facing scandal after scandal, Megyn Kelly asked at the top of her show: is Barack Obama's presidency imploding?

She kicked off her commentary by noting that the U.S. is now looking into working with Iran to push back ISIS militants, who've overtaken several key cities in Iraq.

"A terrorist regime responsible for the deaths of thousands of Americans. What could possibly go wrong?" she asked, adding that President Obama drew a red line in Syria that he refused to enforce and "stood by" as Russia seized part of Ukraine.

“The American public overwhelmingly regrets ObamaCare. Our veterans are dying waiting to see doctors. The IRS intimidates conservative groups. The southern border is compared to a sieve and the president assures us not to worry – smiling, golfing and at this very moment partying with fashion queen Anna Wintour. Because the fundraising never stops – not when four Americans die in Benghazi, and not when Baghdad is at the brink," she said.

Kelly recalled that one of the country's most respected liberal law professors even called President Obama "the very danger the Constitution was designed to avoid," adding Obama has bypassed Congress on issues ranging from ObamaCare to immigration.

Brit Hume then joined The Kelly File to give his take, saying he would add the economy to Megyn's introduction. Hume said there has never been a "robust recovery" after the recession and that unemployment has only dropped slightly due to a shrinking workforce.

He said the Obama foreign policy was a "big idea" that the world would be better off if the U.S. "footprint" was reduced.

"He says now that he believes deeply in American exceptionalism, and I think that he’s just saying that," said Hume, who argued that George W. Bush got us into Iraq, but "bequeathed to President Obama a lot better situation than we have there now."

Hume said in Iraq and Afghanistan, Obama "kind of believes that leaving is winning and we're finding out that that's not true."

Megyn asked how history will view the Obama presidency, noting Republicans' comparisons to Jimmy Carter. Hume answered that as an American, he wanted a "robust recovery and a more peaceful world" and the president is failing to deliver.

"Things I suppose could turn around. It’s hard for me to imagine that the same policies, which he seems hesitant to change, are going to bring anything but similar results going forward. So I think we're looking at a failed presidency."

Watch the commentary and discussion above.