Sequester Cuts 2013
President Obama currently has the upper hand with the public's approval. However, he shares some of the blame for allowing these sequester cuts to grow to the current situation. When Obama settled the fiscal cliff in early January, he was mostly there but fell short in generating enough tax revenue. The top tier making over $400K were taxed at their expected levels, but the second tier making between $200K to $400K were mostly spared. Obama also weakened his stance against the Republicans protecting the rich by being shortchanged with the dividend, capital gains, and inheritance taxes.
So we still have some remnants of the failed Bush economic policies that greatly cut taxes for the rich, drove up our deficits, and destroyed the economy. As a result, Obama is finding out the hard away again that when you don't take a stance against failed policies, you will reap what you sow.
I gave Obama a grade of B- for handling the fiscal cliff crisis, and sadly that is what his legacy as President of the United States will become in the history books. He's doing a satisfactory job, but still weak, mediocre, and incomplete. He made a grave mistake in his first term to become the clone of Bush, instead of showing leadership and fixing Bush's failures. Now all he has left is his second and final term, and Obama will need to show more leadership than this to get closer to an A.