There has been little public backlash on economics, either. President Obama has intervened more extensively in the economy than any other president in close to half a century. In his first year, he pushed through the largest economic stimulus in American history—larger in inflation-adjusted terms than Franklin Roosevelt’s famed Works Progress Administration. In his second year, he muscled universal health care through Congress, something progressives had been dreaming about since Theodore Roosevelt ran as a Bull Moose. That same year, he signed a law re-regulating Wall Street. He’s also spent roughly $20 billion bailing out the auto industry, increased fuel-efficiency standards for cars and trucks, toughened emissions standards for coal-fired power plants, authorized the Environmental Protection Agency to regulate the production of carbon dioxide, expanded the Food and Drug Administration’s ability to regulate the sale of tobacco products, doubled the amount of fruits and vegetables required in school lunches, designated 2 million acres as wilderness, and protected more than 1,000 miles of rivers.
This intervention has sparked an angry response on the Republican right, but not among Americans as a whole. In polling, Americans typically say they favor smaller government in general while supporting many specific government programs.
That’s a lot more socialization than I thought he’d actually pulled off. Well done.