Despite President Obama’s important, even landmark, accomplishments, by the time November 6 arrived, many Americans were disappointed with his first term. They expected him to be a “transformational” president who would somehow, single-handedly, change Washington’s political culture. When their hopes were dashed, they blamed Obama rather than the corporate plutocrats’ stranglehold on Congress—especially (but not only) on the Republicans, who acted like sock puppets for the Chamber of Commerce, opposing every proposal to tax the wealthy and regulate corporations as a “job killer,” and insisting that their top priority was to make Obama a one-term president.
Given the power of the Chamber of Commerce, Wall Street banks, the insurance industry, the oil lobby and the drug companies, it’s remarkable that Obama managed to enact the Affordable Care Act, the Dodd-Frank legislation, the Lilly Ledbetter Fair Pay Act, and tough new standards on fuel efficiency and electric plant emissions. Voters rewarded Obama with a second term and defeated many business-backed candidates and ballot measures,