U.S. presidents’ second terms often turn out to be failures in domestic policy, largely because lame ducks are almost by definition political figures of the past. Yet President Barack Obama’s winning coalition is aligned with the future of the country, giving him a fresh chance to lead.
To do so, he must repair his badly damaged relationship with the business community, which overwhelmingly supported Mitt Romney. It’s doable. From avoiding the so-called fiscal cliff, to an overhaul of immigration laws, to tax reform, there’s much more common ground than the combatants could acknowledge during the campaign.
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