'Don't Underestimate Barack Obama' He's seeing the big picture (2012), unlike members of both parties By John Johnson, Newser Staff Posted Jul 16, 2010 10:42 AM CDT 63 comments Comments President Barack Obama makes a statement on the capping of the BP well in the Gulf, Friday, July 16, 2010, in the Rose Garden. (AP Photo/Susan Walsh) (Newser) – Charles Krauthammer has a warning for his colleagues on the right who have all but declared this presidency to be politically dead: "Don't underestimate Barack Obama." He's already achieved a "historic" presidency through Obamacare alone, not to mention financial reform, and the stimulus. In short, he's finished all the heavy lifting he's going to do in his first term, and the coming midterms won't affect him that much. In fact, Republican gains this year may help him get re-elected in 2012 (just ask Bill Clinton). "Obama is down, but it's very early in the play," writes Krauthammer in the Washington Post. "Like Reagan, he came here to do things. And he's done much in his first 500 days. What he has left to do he knows must await his next 500 days—those that come after reelection. The real prize is 2012. Obama sees far, farther than even his own partisans. Republicans underestimate him at their peril."