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Obama’s Second Term Already Looks Like a Failure

April 16 (Bloomberg) -- President Barack Obama’s second term has so far been a story of high liberal hopes and scant liberal achievements.

The president has been re-elected, demographic trends favor the growth of his coalition, his party has a technological edge, and his opposition is confused and divided. One might therefore expect Obama to be enacting the legislative agenda of that rising coalition. Yet the White House has to be disappointed, whatever it says, by the way the second term has been going.