Obama has bet that this is his destiny. He is extremely cautious from day to day, staggeringly flexible on tactics, but not at all modest when you look at the big picture. He still wants to rebuild the American economy from the ground up, re-regulate Wall Street, withdraw from Iraq, win in Afghanistan, get universal health insurance and achieve a two-state solution in Israel/Palestine in his first term. That’s all. And although you can see many small failures on the way, and agonising slowness as well, you can also see he hasn’t dropped his determination to achieve it all.
This is what we’ve learnt this year: Obama does not mind defeats if they are procedural or about others saving face. He’s happy to admit error; to give his opponents a chance to lunge at his jugular; to let opponents enjoy a day in the sun; to shave off any small stuff as long as the big stuff remains. He seems oddly impervious to personal insult: he doesn’t mind being affronted by the Chinese or humiliated by Netanyahu as long as it’s a matter of symbolism. On substance, he wants what he wants; and, on the big stuff, he has given up on nothing yet.
From here.