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In truth, except for extreme partisans on both sides, it is difficult to conjure up an Obama second term. Yes, we can mentally see him in the Oval Office in 2016, maybe a little greyer than today, but fundamentally the same person. We can hear his campaign rhetoric: “I’m running for president because I want to do something about our debts and our deficits in a balanced and responsible way,” the president declared at a fund-raiser Tuesday night in Philadelphia. (Memo to Obama speechwriters: Words like “balanced” and “responsible” rarely get the blood rushing in partisan politics.) But the reality of a reelected President Obama somehow remains frustratingly out of reach.