Mr Obama’s capitulation to Republicans in the recent tussle over deficit reduction is being seen as the lowest point of his presidency and the latest in a series of blows to the liberal agenda.

Faced with the staunch opposition of the Tea Party contingent of the Republican Party, he agreed to widespread cuts in government spending without winning any revenue increases in exchange.

Finding it hard to defend his often listless and repetitive performances, Democratic strategists and commentators are privately agreeing with Republicans and comparing Mr Obama to Jimmy Carter, another Democrat who remains the post-war benchmark for a failed president.

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