He will be re-elected. It was well overdue...timing is impeccable. News reports coming:
Edit (sorry about that, there was nothing out there until now...been on the news for a couple hours)
Obama easing deportation rules for young people
The Obama administration is easing its policy of deporting undocumented immigrants if they arrived in the United States as children and have led law-abiding lives...
Under the administration plan, illegal immigrants will be immune from deportation if they were brought to the United States before they turned 16 and are younger than 30, have been in the country for at least five continuous years, have no criminal history, graduated from a U.S. high school or earned a GED, or served in the military. They also can apply for a work permit that will be good for two years with no limits on how many times it can be renewed. The officials who described the plan spoke on the condition of anonymity to discuss it in advance of the official announcement.
The policy will not lead toward citizenship but will remove the threat of deportation and grant the ability to work legally, leaving eligible immigrants able to remain in the United States for extended periods.
"Many of these young people have already contributed to our country in significant ways," Napolitano wrote in a memorandum describing the administration's action. "Prosecutorial discretion, which is used in so many other areas, is especially justified here."...
Obama easing deportation rules for young people
Honestly, this is one of the shrewdest political moves I have seen in a while. He was going to do it the whole while, just like backing gay rights. But he is doing it in the final rounds before the fight goes to the cards. Also, its for the kids, leaving Romney and the Tea Party dumbfounded.