To look ahead, sometimes it’s necessary to look back.

OBAMA/In January, President Barack Obama said in an interview with ABC News: “I’d rather be a really good one-term president than a mediocre two-term president.” At that time, his signature domestic issue, healthcare reform, had been dealt a setback with the election of Republican Scott Brown to the Senate seat long held by the late Edward Kennedy, and some senators were balking at approving Fed Chairman Ben Bernanke for a second term.