Tony Badger, Paul Mellon Professor of American history and Master of Clare College

In 2009, as in 1933, a charismatic president succeeded a discredited president at a time of economic crisis and with resounding majorities in Congress. Obama and his advisers explicitly looked to Roosevelt's New Deal for policy models. Despite his re-election in 2012, Obama has lost control of the House where Republicans stymie attempts to avoid the fiscal cliff. Economic recovery is partial and largely jobless. The prospects for his second term look unpromising in highly polarised politics. Did Obama learn the right lessons from the New Deal?