A One-Term President Obama

"I'd rather be a really good one-term president than a mediocre two-term president," President Obama tells ABC News. The network says the president "ducked" when Diane Sawyer asked if he could guarantee there would not be a tax increase for anyone making less than $250,000. "I can guarantee that the worst thing we could do would be to raise taxes when the economy is still this weak," the president replied. Not clear why that applies just to the under $250,000 a year crowd, and Mr. Obama has already raised the cigarette tax. But interesting.