Obama’s Second Term Already Looks Like a Failure

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

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