I am surprised with how little people comment on the timing of Obama’s agenda. It’s not haphazard. The first thing up was financial stabilization. That was a given. But what could have been done, but wasn’t, was the reining in of the financial sector. Instead, what he went after next was health care. That was the toughest item on his agenda, which meant he needed as much time and as much support in Congress as he could get, and that mean he had to do it before elections in Congress come up, because it is almost a given that the Democrats are going to lose seats and it is going to be even tougher to get progressive bills through like health care. I think that’s one of the reasons financial regulation was put on hold. But now, financial regulation is coming up. Given that the banks are stable, it is easier to try and rein them in. Even if the Democrats can’t due to Republican opposition, they can take that opposition and run against the Republicans on that and health care, whose benefits Americans should be seeing in the next year.
Other big items will come after that, including climate change and immigration reform. On immigration reform, opposition from the Republicans may not be as uniform as it was on health care. Running against immigration reform will only help Obama when we runs again for reelection. Likewise with climate control.
Finally, given how depressed the American economy is now, it can only get better, and likely in a dramatic way, before the time Obama has to run again. That will help him most of all.
His biggest challenge will be what major initiatives he wants to tackle in his second term.