For those that still don't understand how good Obama is, how he got elected and how is long view is far more conservative than radical, check out today's must reads: Mark Ambinder in the Atlantic and George Packer writing in the New Yorker. Money quote from Packer:
Well short of Obama’s first hundred days, the dominant characteristic of his Presidency is clear: activist government, on every front. It’s harder to make out the contours of the philosophy at the core of this dazzling blur of action. Given the early and ample track record, there’s surprisingly little agreement over the nature of Obamaism. Obama’s signature projects defy grouping under a single heading, and, as a result, he has been criticized for inconsistency. To take one example, he forced the chief executive of General Motors, Rick Wagoner, into early retirement, and yet he has not called for the removal of any of the failed leaders of America’s financial institutions, like Bank of America’s Kenneth Lewis. He promised a federal guarantee of warranties for owners of G.M. and Chrysler cars, but he won’t put the government in temporary control of the banks, which are at the heart of the economic crisis. He is willing to spend $275 billion for homeowners’ relief, but he won’t let the government enter into the business of making direct loans. He has made health-care reform the ultimate test of his first year, but seems prepared to compromise on significant aspects of the legislation.What underlies so many of Obama’s decisions is an attachment to the institutions that hold up American society, a desire to make them function better rather than remake them altogether. Allowing the auto industry to die would create social havoc in communities around the country, and anything less than de-facto government control seems inadequate. So the President has risked a good deal of his political capital on the largest federal intervention in a sector of the economy since at least 1952, when President Truman seized the steel industry to avert a strike during wartime. Obama, announcing his plan last week, said, “We cannot, and we must not, and we will not let our auto industry simply vanish. This industry is like no other—it’s an emblem of the American spirit. . . . It’s what helped build the middle class and sustained it throughout the twentieth century.” Obama may not see a similar need to put the government in charge of the big banks, but he has also shown that he has no taste for such a disruption of the system—even if it were politically possible, and perhaps even if it were the most direct route back to financial health.
