Andrew Sullivan assesses the Obama presidency, and outlines his belief that the President's critics on both the right and left have underestimated many of the President's significant achievements.

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At the Pentagon, President Obama announces a new defense plan that seeks to maintain America's essential military capabilities while significantly cutting costs.

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President Obama uses his executive authority to appoint Richard Cordray to serve as the director of the Consumer Financial Protection Bureau.

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President Obama signs legislation that provides a 2-month extension for a payroll tax cut for 160 million Americans. The legislation also provides a 2-month extension for unemployment benefits and a 2-month delay on payment reductions for doctors who treat Medicare patients.

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The Obama Administration issues historic new standards that will reduce pollution from mercury and other toxins.

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