Rahm Emanuel always was early proof that Obama was not and never had any intention of being Liberal, let alone an authentic progressive.
‘….[Rahm Emanuel] left Clinton in 1998. With no prior experience in finance he walked into a job at a Clinton-friendly investment bank. Two and a half years later he walked out with $16 million. He had no background in housing, either, but got appointed to the board of Freddie Mac where he made even more money while watching it slip slowly into ruin.
In Congress he hewed right on economic and fiscal policy and was a hawk on defense. As Obama’s chief of staff he purged Clinton-era liberals, which resulted in a team of economic advisers more conservative than that of any Democratic president since Grover Cleveland. Whether following their advice or his own instincts, Obama ditched ethics reform, aid to homeowners with bad mortgages, a minimum wage hike and the public option; a disastrous set of choices from which he never fully recovered….’
via Rahm Emanuel’s moment of reckoning: How he ended up in a fight for his political life – Salon.com.