Obama: Is His Presidency Close To Crisis? As Obama declares hostilities on the bankers after the collapse of his health care reforms, is his presidency close to crisis? By Toby Harnden 22 Jan 2010 There was an ironic symmetry to the way in which Barack Obama’s presidency was dealt such a blow last week. Suddenly, it was reduced to something so insubstantial that it mocked the grand ambitions of his campaign. It was Senator Edward Kennedy's decision to support the then Senator for Illinois that turned the tide in Obama's epic Democratic primary battle with Hillary Clinton. When the liberal...