…the problem with instant histories: an absence of historical perspective. If the recent economic uptick is sustained, the unemployment rate keeps falling, and Obama wins a second term in November, the vicissitudes of his first term may eventually appear in a more flattering light. In early 1984, Reagan was widely viewed as a divisive and controversial figure. Twelve years later, it was Bill Clinton. It is amazing what a prosperous second term can do for a President’s reputation.

John Cassidy, “Replay,” The New Yorker (26 March 2012), 105.

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