Hard-hitting piece by Frank Rich:

http://nymag.com/news/frank-rich/obama-economy/presidents-failure/
----------------------snip
Obama can win reelection without carrying 10021 or Greenwich in any
case. The bigger political problem is that a far larger share of the
American electorate views him as a tool of the very fat-cat elite that
despises him. Given Obama’s humble background, his history as a mostly
liberal Democrat, and his famous résumé as a community organizer, this
would also seem a reach. But the president has no one to blame but
himself for the caricature. While he has never lusted after money—he’d
rather get his hands on the latest novel by Morrison or Franzen—he is
an elitist of a certain sort. For all the lurid fantasies of the
birthers, the dirty secret of Obama’s background is that the values of
Harvard, not of Kenya or Indonesia or Bill Ayers, have most colored
his governing style. He falls hard for the best and the brightest
white guys.
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