It is only February 2013.
The election is November 2014.

The sequestor fallout and every other manufactured crisis between now and then will be hammered out in the last 2 months before the election by the media's collective stupidity to label all this as Obama's failure. By then the economy may once again falter and fall by the "leadership" of the GOP/teaparty. People won't remember who caused the sequestor cuts …you can count on it. Media's memory doesn't even remember what happened a month ago, all they want is to draw ratings by pouring fuel of the fire on the latest GOP-made crisis.