The bigger problem with Obama's approach is his failure to address—at least so far—the reform of Medicare and Social Security. Without big reductions in spending on these programs, the kinds of investments in the future prosperity that Obama envisions won't be possible. We'll continue to evolve toward a government whose primary function is transferring income from working people to retirees. You don't have to frame this dynamic in racial terms, as Ross Douthat does, to see it as a recipe for social misery. The simple generational unfairness, as well as the drain on economic vitality, is going to become increasingly apparent. If Obama wants to offer a convincing vision of the federal government's role, he will need to recognize the growing imbalance between generosity for the old and investment in future generations. Preserving our biggest entitlement programs in their current form because they have a powerful constituency is hardly a progressive stance. It's the definition of reactionary liberalism.
That's Jacob Weisberg, at Slate.