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Putin is mainly backed by the [[United Russia]] (''Единая Россия'') party, which currently holds a majority in the lower chamber of the Russian parliament, known as the ''Duma''.  The party usually reflects the political views of Putin, which are that of moderate conservatism and nationalism. On March 14, 2004, he was elected to a second term as president with 71% of the vote. Barred from a third consecutive term by the Russian constitution, Putin ceded the presidency to [[Dmitry Medvedev]] on May 7, 2008 and became Prime Minister, at the time sharing power with the more moderate Medvedev. Medvedev did not run for a second term, and, as a result, Putin was re-elected in 2012.

Putin is mainly backed by the [[United Russia]] (''Единая Россия'') party, which currently holds a majority in the lower chamber of the Russian parliament, known as the ''Duma''.  The party usually reflects the political views of Putin, which are that of moderate conservatism and nationalism. On March 14, 2004, he was elected to a second term as president with 71% of the vote. Barred from a third consecutive term by the Russian constitution, Putin ceded the presidency to [[Dmitry Medvedev]] on May 7, 2008 and became Prime Minister, at the time sharing power with the more moderate Medvedev. Medvedev did not run for a second term, and, as a result, Putin was re-elected in 2012.

In terms of achievements, Putin stabilized the Russian economy and restored Russia's national pride, largely by politically exploiting the financial windfall of Europe's need for Russian oil and gas. Russians were enthusiastic that he ended the social chaos that followed the collapse of the Soviet Union in 1991 and the subsequent pell-mell privatization of the state-owned economy.  Many Russians have been mesmerized by the new glitter of Moscow and the restored glamor of St. Petersburg. Russia's revived self-pride follows the humiliation of the chaos after 1991 and the incompetence of his predecessor [[Boris Yeltsin]]. Russians have a long history of authoritarian governments and a strong diastase for anarchy. They have little experience with freedom. The Russian mafia, which is more sophisticated than its counterparts elsewhere, controls more than 40 percent of the total economy. Their control is thought to be even greater in certain areas, such as banking, real estate, and consumer markets.<ref>[http://www.worldbank.org/html/prddr/trans/janfeb97/art4.htm Louise I. Shelley, ''The Price Tag of Russia's Organized Crime'']</ref>

In terms of achievements, Putin stabilized the Russian economy and restored Russia's national pride, largely by politically exploiting the financial windfall of Europe's need for Russian oil and gas. Russians were enthusiastic that he ended the social chaos that followed the collapse of the Soviet Union in 1991 and the subsequent pell-mell privatization of the state-owned economy.  Many Russians have been mesmerized by the new glitter of Moscow and the restored glamor of St. Petersburg.

[[Robert Kraft]], the owner of the liberal [[New England Patriots]], accused Putin of stealing Kraft's [[Super Bowl]] ring.  Putin claims Kraft gave it to him as a gift.

[[Robert Kraft]], the owner of the liberal [[New England Patriots]], accused Putin of stealing Kraft's [[Super Bowl]] ring.  Putin claims Kraft gave it to him as a gift.