Obama's Presidency is Hardly Over

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Please, will the liberals stop complaining--and the conservatives crowing--that this is effectively the end of Obama's presidency?  I seem to remember a fellow named Bill Clinton who suffered a crushing defeat on health care and a stunning electoral reversal in 1994, and yet still managed to have a very successful presidency, as these things go.  He won't be FDR II.  But that was never very likely to begin with.

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Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

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