In 2008, Obama offered the promise of a post-partisan age. That glimmering vision died in the debate over health care.
All along the way, Obama encountered lock-step opposition from Republicans. The most dramatic example, perhaps, was the 2011 confrontation over raising the debt ceiling, in which the country came perilously close to defaulting on its obligations. Obama thought he had reached a "grand bargain" with House Speaker John Boehner, R-Ohio, to cut spending and raise revenues, but then Boehner walked away. The Republicans insist they never neared an agreement.
Some opponents have charged that Obama was advancing socialism. His government did take over much of the auto industry for a time, seeing General Motors and Chrysler through bankruptcy. He did press for stronger regulation of the financial industry in the wake of the crisis that launched the Great Recession, and like most Democratic administrations his government is generally more bullish on regulation than are Republicans.
But daunted by the challenge of winning congressional approval, he sought a smaller stimulus than many thought necessary. His efforts to protect homeowners threatened with foreclosure have come up short. Surprisingly few bankers — and no high-level executives of major banks — are in jail on charges related to the financial crisis.