Thomas Frank is convinced that Barack Obama single-handedly prevented America from becoming the lefty paradise it was on course for after the financial meltdown of 2008: The Obama team, as the president once announced to a delegation of investment bankers, was “the only thing between you and the pitchforks,” and in retrospect these words seem not only to have been a correct assessment of the situation at the moment but a credo for his entire term in office . For my money, they should be carved in stone over the entrance to his monument: Barack Obama.

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