Andrew Sullivan has a good (long) piece, How Obama's Long Game Will Outsmart His Critics. A lot of it is quotable and it's worth a whole reading, but here's a bit:
"They miss, it seems to me, two vital things. The first is the simple scale of what has been accomplished on issues liberals say they care about. A depression was averted. The bail-out of the auto industry was—amazingly—successful. Even the bank bailouts have been repaid to a great extent by a recovering banking sector. The Iraq War—the issue that made Obama the nominee—has been ended on time and, vitally, with no troops left behind. Defense is being cut steadily, even as Obama has moved his own party away from a Pelosi-style reflexive defense of all federal entitlements. Under Obama, support for marriage equality and marijuana legalization has crested to record levels. Under Obama, a crucial state, New York, made marriage equality for gays an irreversible fact of American life. Gays now openly serve in the military, and the Defense of Marriage Act is dying in the courts, undefended by the Obama Justice Department. Vast government money has been poured into noncarbon energy investments, via the stimulus. Fuel-emission standards have been drastically increased. Torture was ended. Two moderately liberal women replaced men on the Supreme Court. Oh, yes, and the liberal holy grail that eluded Johnson and Carter and Clinton, nearly universal health care, has been set into law. Politifact recently noted that of 508 specific promises, a third had been fulfilled and only two have not had some action taken on them. To have done all this while simultaneously battling an economic hurricane makes Obama about as honest a follow-through artist as anyone can expect from a politician.
What liberals have never understood about Obama is that he practices a show-don’t-tell, long-game form of domestic politics. What matters to him is what he can get done, not what he can immediately take credit for. And so I railed against him for the better part of two years for dragging his feet on gay issues. But what he was doing was getting his Republican defense secretary and the chairman of the Joint Chiefs to move before he did. The man who made the case for repeal of ‘don’t ask, don’t tell’ was, in the end, Adm. Mike Mullen. This took time—as did his painstaking change in the rule barring HIV-positive immigrants and tourists—but the slow and deliberate and unprovocative manner in which it was accomplished made the changes more durable. Not for the first time, I realized that to understand Obama, you have to take the long view. Because he does."
I criticize Obama for compromising too much. I think his accomplishments are genuine, I just think his tactics meant some of the things could have been better. I would have liked a public option and I think, if he explained it better (which is what he was supposed to have been really good at) it might have made it. I think that of the stimulus too, that more of it could have been stimulative rather than just tax cuts. I also fault him on civil liberties with not closing Gitmo, indefinite detention, and warrantless searches, etc. I think those are fair critiques and not "deluded".
Update: Lawrence Lessig has commented: "Any liberal (or sane moderate for that matter) would be crazy to say that we’re not better off today than we would have been had Obama not been elected. Of course we are. But that fact doesn’t negate the (still ignored by Sullivan et al.) criticism of the President: That he baited us with the reform rhetoric, and then switched to the administration promised by H. Clinton. "
Update: Kevin Drum has a very good follow up, Barack Obama Is Not That Hard to Understand. "But these are the exceptions, not the rule. For the most part, Obama's actions can be explained without resort to mysterious and ulterior motives. He's done what he's done sometimes out of native temperament, sometimes out of straightforward political calculation, sometimes out of plain misjudgment, and sometimes because he genuinely has more centrist views than his critics want to believe. More than with most presidents, I think that with Obama, what you see is what you get. He's just not that hard a guy to explain." And he posts a reader's comments.
Update: Ezra Klein takes a more speculative approach to it, Has Obama done a good job? Well, compared to what?
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