For Obama, high ambitions, less power to achieve
Saul Loeb | AFP | Getty Images · CNBC

It was supposed to be a joke. "Are you still president?" comedian Stephen Colbert asked Barack Obama earlier this month.

But the question seemed to speak to growing weariness with the president and skepticism that anything will change in Washington during his final two years in office. Democrats already are checking out Obama's potential successors. Emboldened Republicans are trying to push aside his agenda in favor of their own.

At times this year, Obama seemed ready to move on as well. He rebelled against the White House security "bubble," telling his Secret Service detail to give him more space. He chafed at being sidelined by his party during midterm elections and having to adjust his agenda to fit the political interests of vulnerable Democrats who lost anyway.

Yet the election that was a disaster for the president's party may have had a rejuvenating effect on Obama. The morning after the midterms, Obama told senior aides, "If I see you moping, you will answer to me."

People close to Obama say he is energized at not having to worry about helping-or hurting-Democrats in another congressional election on his watch. He has become more comfortable with his executive powers, moving unilaterally on immigration, Internet neutrality and climate change in the last two months. And he sees legacy-building opportunities on the international stage, from an elusive nuclear deal with Iran to normalizing relations with Cuba after a half-century freeze.

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"He gained some clarity for the next two years that is liberating," said Jay Carney, who served as Obama's press secretary until this spring. "He doesn't have as much responsibility for others."

Still, pillars of Obama's second-term agenda-gun control, raising the federal minimum wage, universal preschool-seem destined to stand unfulfilled. Wrapping up the Iraq and Afghanistan wars isn't turning out to be nearly the tidy success story Obama once envisioned. Even supporters say one of the president's top remaining priorities may have to be simply preventing Republicans from dismantling his earlier accomplishments, including the health care law.

The Yes-We-Can man is entering a twilight of maybes, his presidency still driven by high ambitions but his power to achieve them running out.

Before the midterm election results arrived, Obama's advisers say, the president realized he would finish his presidency with Republicans running Capitol Hill.

Whatever message the Democrats' defeat sent about the president's own standing, Obama concluded the status quo meant more gridlock.