"A typical vice of American politics the avoidance of saying anything real on real issues, and the announcement of radical policies with much sound and fury, and at the same time with a cautious accompaniment of weasel phrases each of which sucks the meat out of the preceding statement."

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Obama seemed poised to realign American politics after his stunning 2008 victory. But the economy remains worse than even the administration's worst-case scenarios, and the long legislative battles over health care reform, financial services reform and the national debt and deficit have taken their toll. Obama no longer looks invincible.

— Dee Dee Myers