Less than halfway through his first term, Obama has compiled a remarkable track record. As president, he has rewritten America’s social contract to make health care accessible for all citizens. He has brought 100,000 troops home from war and forged a once-unthinkable consensus around the endgame for the Bush administration’s $3 trillion blunder in Iraq. He has secured sweeping financial reforms that elevate the rights of consumers over Wall Street bankers and give regulators powerful new tools to prevent another collapse. And most important of all, he has achieved all of this while moving boldly to ward off another Great Depression and put the country back on a halting path to recovery.
Along the way, Obama delivered record tax cuts to the middle class and slashed nearly $200 billion in corporate welfare — reinvesting that money to make college more accessible and Medicare more solvent. He single-handedly prevented the collapse of the Big Three automakers — saving more than 1 million jobs — and brought Big Tobacco, at last, under the yoke of federal regulation. Even in the face of congressional intransigence on climate change, he has fought to constrain carbon pollution by executive fiat and to invest $200 billion in clean energy — an initiative bigger than John F. Kennedy’s moonshot and one that’s on track to double America’s capacity to generate renewable energy by the end of Obama’s first term.
On the social front, he has improved pay parity for women and hate-crime protections for gays and lesbians. He has brought a measure of sanity to the drug war, reducing the sentencing disparity for crack cocaine while granting states wide latitude to experiment with marijuana laws. And he has installed two young, female justices on the Supreme Court, creating what [historian Douglas]Brinkley calls “an Obama imprint on the court for generations.”