It is a difficult thing to watch the Obama administration in action these days. So many people thought they were electing the next Jack Kennedy and wound up electing a president without a strong sense of purpose, without the ability to control the narrative, and without the necessary toughness to make his words real for the middle-class.
Even as it becomes crystal clear that voters are going to punish this administration for doing too little, president Obama is out there promoting tax cuts for corporations (see here).
Many on the left cling to fantasies that president Obama is being misled by his handlers, but I believe it is they who were misled. The president's actions consistently convey that he believes in the right of corporations to rule, and will only make token gestures on behalf of the middle class.