Thursday 12 August 2010
by: Theda Skocpol | The Nation | Op-Ed
Eric Alterman is thoughtful and eloquent as he describes progressive disappointments with Obama's first eighteen months in the presidency and probes the huge obstacles to progressive change built into our divided and institutionally cumbersome system of governance. I don't disagree with many specific points he makes. But the bottom line he draws could not be more wrongheaded. Against huge counterwinds, President Obama and his unwieldy party have managed to enact major reforms: they took higher education loans away from bankers and enhanced funding for lower- and middle-income students; they created a regulatory framework that will start to rein in Wall Street financial shenanigans; they have used regulations where legislation was impossible to further workers' rights and prod environmental improvements; and they achieved comprehensive healthcare reforms that are the most far-reaching and economically redistributive social accomplishments since the New Deal.
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