As Jonathan wrote a little earlier today, Obama continues to profess immigration reform, but many Hispanic leaders are growing frustrated at his lack of action, and more notably, his lack of a viable plan for action. They are also understandably wary that he’s only now turned his attention to immigration reform—now that the 2012 campaign season is starting, and now that congressional legislation on this issue seems highly unlikely.

The question is whether his belated push on immigration will solve the president’s problems with the Hispanic community. Obama promised to outline his overall vision on immigration issues shortly after he took office, and the fact that he hasn’t has become a source of disappointment for some Hispanic leaders. The Hispanic community’s economic concerns may also make it difficult for the president to win their support in 2012.

“I believe that if the economy was better, and Hispanics were not suffering economically, immigration would not have the kind of drag, the kind of impact that it has on Obama’s reelection,” Arnoldo Torres, a political consultant on Latino issues, told me. “I have never ever heard as much disenchantment—as much frustration, as much disappointment—as I hear from Hispanic voters about Obama this time around.”

Torres went on to say that Hispanic voters are highly unlikely to support Republicans. But unless the president takes the time to formulate a viable plan on immigration with lawmakers from both parties, Hispanic voters may just well stay home.

“I believe many Hispanic voters for the first time in the history of the U.S. might make a phenomenal decision, a conscious decision, to not vote for Obama for reelection,” Torres said. “I do believe very strongly that right now, based on what I hear, there is going to be a measurable percentage of Latino voters who will not vote for any candidate for the presidency unless Obama changes how he engages with Latinos.”