Barack Obama is running up against a lot of unrealistic expectations in 2012, from the starry visions of his most fervid supporters to the myth that any president can, through sheer persuasiveness or fiat, produce exactly the economic results that he desires. Obama’s supporters must acknowledge that the economic recovery is coming slowly. But such a mixed-bag assessment isn’t the proper verdict on a presidency that began with the nation on the verge of a depression. Nor does it capture the promise of his second term.
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