On 24 November 2008 Time magazine, a US political weekly, featured on its cover President-Elect Obama dressed to look like President Franklin Delano Roosevelt (1933–45), with the caption ‘The New New Deal’, signalling that the era of Republican rule was officially over. In fact, just the week before, columnist Peter Beinart had written in Time:
Yet the hope and optimism Beinart suggested for the Democrats appears to have changed to frustration and political turmoil, because Democrats have since lost two governorships and one Senate seat, been involved in a protracted and contentious battle for healthcare reform, and seen little return within the first year for the $787 bn Economic Stimulus Package signed into law by President Obama.
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