"The Big Deal"

"Mr. Obama overcame the biggest threat to his legacy simply by winning re-election. But George W. Bush also won re-election, a victory widely heralded as signaling the coming of a permanent conservative majority. So will Mr. Obama’s moment of glory prove equally fleeting? I don’t think so."

In The New York Times, Paul Krugman argues that as President Obama's first term ends, political progressives should "find grounds for a lot of (qualified) satisfaction."