Bill Clinton could sniff the political winds better than most 20th-Century politicians. When he was set back in the 1994 mid-term elections, he shifted course. That couldn't have been easy by any measure, but figure he also had to tell Hillary she was out of a job as health-care czarina. But he did it, and the economy went on to a pretty good six years subsequently.
President Obama is much more committed to his ideological slant, but that won't help his dream if he is a one-term President.
Twenty-three Democratic Senate seats will be up for re-election in 2012, and those guys will be tacking to the center quickly, away from the President, with the winds blowing as they are.
If we at Soleil are guessing right, unemployment will still be over 9% in 2011, when electioneering takes on speed. It would be tough to campaign with that rock around your Presidential neck. The big question post-election has been: would the President move to the center? We saw the first hint of an answer the other day when the President froze Federal (read: union) salaries. That's a big move that has been advocated by some Republicans for a year or more.