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Not really. The president (any US president, not just Barack Obama) can be a very powerful person, but he is rarely powerful enough to take over an entire country. An oligarchy refers to a government run by a small group of powerful elites (whether individuals or organizations). Some countries that have such a government are very similar to dictatorships, since the people have little say and less impact on what happens and all decisions are made by the powerful few.

Certain critics of money in American politics (and especially the Citizens United decision by the Supreme Court) have expressed the belief that the US does not really have a democracy these days-- a handful of wealthy billionaire businessmen have excessive influence in our politics. But whether that is true or not, the fact remains that Barack Obama isn't one of them-- he isn't a billionaire and he isn't part of any small group that controls the country's politics. And while many of us are concerned by the trend towards more and more power going to the top 1%, the United States is not quite at the oligarchy level just yet, even if at times it seems that's where we are heading.

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10y ago

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