From The Times
December 26, 2009

Black hole of debt triggers Obama defections but re-election is possible

Re-election is possible if he can convince voters he averted a second Great Depression


(Matt Detrich/The Indianapolis Star/AP)
A man wearing a Hire Me sign gives a dollar to a man with a Down But Not Out sign in Indianapolis. US voters remain preoccupied with job creation

Tim Reid in Washington
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As he took the oath of office before a record two million people, his approval rating over 70 per cent, Barack Obama believed he had been called on by history to remake America.

He had already spoken of a new “grand bargainâ€