Announcement by Obama

   

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WASHINGTON DC-  In a move that has shocked both Democratic Party officials and voters, President Barack Obama announced on Friday that he will not seek or accept his party's nomination in the 2012 presidential election. 

The announcement was made during a press conference on Friday morning in the White House James S. Brady Press Briefing room. His wife and children at his side, Obama cited the current international political climate, his administration's unpopular positions on domestic issues, as well as an inability to participate in family life, as reasons for his decision. 

The president noted the many accomplishments of his presidency, such as the implementation of universal health care, limits placed on the power of large investment firms, stricter environmental controls, prevention of the "slaughter of thousands in Libya by a tyrannical regime", and the 2009 economic stimulus package, which he noted "has kept millions of people working in a faltering economy". 

He also noted there is much more to do before he leaves office, including reassessment of the safety of American nuclear facilities, ensuring continued economic growth, and the passage of a budget bill.

Obama, who was elected during an extravagant wave of youthful publicity in the 2008 presidential election, has been plagued by his administration's inability fulfill campaign promises to end U.S. combat operation in Iraq and and Afghanistan, as well as the rise of a dissenting political faction known as the Tea Party, partly due to an unprecedented 14.2 trillion dollar national debt.

Today's announcement has left political strategists baffled. All of them note that Obama's approval ratings have been on the rise for several months.

The announcement also raises questions about who will seek the nomination of the Democratic Party. Although neither have declared candidacies, Secretary of State Hillary Clinton is named as a frontrunner, as well as former House Speaker Nancy Pelosi. Clinton declined to comment when asked if she was considering a presidential bid, stating that she was "evaluating her options".

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