"Thus Obama took office under roughly the same political and economic circumstances that Nixon did in 1968 except in a mirror opposite way. Instead of being forced to manage a slew of new liberal spending programs, as Nixon did, Obama had to cope with a revenue structure that had been decimated by Republicans. Liberals hoped that Obama would overturn conservative policies and launch a new era of government activism. Although Republicans routinely accuse him of being a socialist, an honest examination of his presidency must conclude that he has in fact been moderately conservative to exactly the same degree that Nixon was moderately liberal."