Obama ditches the centrists: How a break from neoliberalism boosted his popularity

For quite some time now, the media's desire to see the American economy return to its '90s-era peak - or at least improve enough to be safely ignored in favor of a new overarching narrative - has been nearly palpable. Which is why it's not shocking to see how a spate of good news about the economy has changed the conventional wisdom about the President Obama's record, with "objective" reporters describing him as on the rebound, and with his most ardent defenders busting out superlatives like it's 2008. Andrew Sullivan is once again calling him the center-left version of Ronald Reagan. And Jonathan Chait believes history will ultimately recognize his performance as not just good but capital-G great. That's that, I guess; do we really need to bother with the rest of his second term?Even though I snark, and even though the persistence of stagnant wages means we're still experiencing a McJobs recovery, it's certainly true that the president's followed his second midterm shellacking with a surprisingly good few weeks. His poll numbers are looking better than they have in almost two years, and Princeton election analyst Sam Wang says it's "a real phenomenon," not a fluke. But while Sullivan, and especially Chait, write as if Obama's comeback were basically inevitable, I think there's a case to be made that the president's rising popularity - while certainly due in part to his decision to enact less crippling austerity than the Eurozone has and repugicans wanted - has more to do with recent actions of his that were a break from the approach that defined most of his second (and nearly all of his first) term.
Before I describe that change, though, I want to make a few things clear up front, so nobody gets the wrong idea. As Chait partially acknowledges, and as any political scientist will tell you, Americans give their presidents entirely too much blame and credit for the state of the economy (usually their No. 1 metric), which is often considerably outside any politician's immediate control. What's more, there's reason to believe that at least some part of Obama's recent good fortune owes to the plummeting price of oil, which despite what politicians of both parties tell you when they're campaigning, has essentially nothing to do with whatever's happening in the Oval Office. Last but not least, the president's approval rating is not the product of an exact science; it's more like a blurry snapshot of a moment in time. So we shouldn't conclude too much from the recent polling, one way or another..

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