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Defense Secretary Leon E. Panetta stands by President Obama as he explains changes to military force and strategy that will result in the biggest defense cuts since the end of the Cold War. (Associated Press)

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President Obama, accompanied by Richard Cordray, visits a home in Cleveland on Wednesday, Jan. 4, 2012. In a defiant display of executive power, Mr. Obama bucked Senate Republican opposition to appoint Mr. Cordray as the nation's chief consumer watchdog. (Associated Press)

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Obama Defense Strateg_Lea.jpg

President Obama (right) and Defense Secretary Leon E. Panetta share a laugh with the press corps after the president spoke on the Defense Strategic Review on Thursday, Jan. 5, 2012, at the Pentagon in Arlington. (AP Photo/Haraz N. Ghanbari)

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**FILE** President Obama speaks Dec. 20, 2011, in the White House. (Associated Press)

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President Obama takes his family to an exhibit about his mother's anthropological work in Honolulu on Sunday before heading for the campaign trail. (Associated Press)

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President Obama takes his family to an exhibit about his mother's anthropological work in Honolulu on Sunday before heading for the campaign trail. (Associated Press)

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**FILE** Canadian Prime Minister Stephen Harper (left) listens as President Obama speaks following a meeting at the White House in Washington on Dec. 7, 2011. President Obama warned congressional Republicans that he would reject any effort to tie extraneous issues to an extension of the payroll tax cut, including the approval of an oil pipeline between the U.S. and Canada. (Associated Press/The Canadian Press)

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Heather Goode served then candidate Barack Obama a slice of pie and a cup of tea when he stopped at the Smokey Row Coffee House while campaigning in late 2007. Iowans have rubbed elbows with many candidates over the years. (Andrew Harnik/The Washington Times)

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On Nov. 8, 2007, then Democratic presidential hopeful Barack Obama stopped in at Smitty's Sandwich Shop and bought a tenderloin sandwich to go from owner Shari Lepley. Mr. Obama is on the ballot again this year, unchallenged. (Andrew Harnik/The Washington Times)

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Obama Year Four_Reps.jpg

**FILE** President Obama leaves a news conference at the White House on Dec. 8, 2011. (Associated Press)

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** FILE ** In this Dec. 8, 2011, file photo, President Barack Obama leaves a news conference in the White House briefing room in Washington. (AP Photo/Carolyn Kaster, File)

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Aging America Medicar_Live.jpg

**FILE** President Obama speaks Dec. 23, 2011, at the White House. (Associated Press)

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Mitt Romney, shown with his wife, Ann, says he would back any Republican nominee challenging President Obama - including Texas Rep. Ron Paul. Fellow Republican challenger Newt Gingrich said he felt he could not support Mr. Paul. Mrs. Romney confirmed reports that she was the one who had to talk her husband into running for president again. (Associated Press)

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Economy Survey Politi_Reps.jpg

** FILE ** In this Dec. 22, 2011, photo, President Obama speaks during a news conference in the South Court Auditorium at the White House complex. (AP Photo/Carolyn Kaster, File)

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President Obama gets a mouthful of fingers from Cooper Wall Wagner, 8 months, as he poses for a photo with the infant and his parents, Greg and Meredith Wagner, during a visit to Marine Corps Base Hawaii on Sunday in Kaneohe, Hawaii. (Associated Press)

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President Obama is turning his campaign focus to the struggling middle class and the widening gap between rich and poor. Mr. Obama is expected to run for re-election with higher unemployment than any recent president. (Associated Press)

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President Obama trails both Mitt Romney and Newt Gingrich in 12 swing states that loom large in determining the winner of the 2012 presidential election. (AP Photo)

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President Obama waves to people gathered outside in the rain as he shops for Christmas gifts Wednesday in Alexandria. The president's spokesman said Mr. Obama's assertion that he ranked among the greatest presidents was taken out of context. (Associated Press)

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Unlike how Oprah Winfrey's embrace of Barack Obama helped his presidential campaign, there are other celebrities who would-be presidents would be wise to avoid, among them Chris “Ludacris” Bridges, Arnold Schwarzenegger, Donald Trump, Sean Penn and Jane Fonda. (Associated Press)

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EPA Administrator Lisa P. Jackson said the agency's new rule that will limit toxic pollutants released by coal- and oil-fired power plants is the Obama administration's "biggest clean-air action yet." (Associated Press)