The Democratic Party chief's Osawatomie speech continues to reverberate, but the commentariat still doesn't quite get how radical it is. Daniel Henninger correctly labels it Obama's "Godfather speech"--"what you'd expect to hear in Caracas or Buenos Aires." But even this doesn't bring out how it builds on Theodore Roosevelt's revolutionary "New Nationalism" speech, delivered 101 years ago, celebrating both the Civil War and the terrorist John Brown. That radicalism is well-summarized in this introductory essay. Obama's speech multiplies the possibilities, including TR's proposal for a "Federal Bureau of Corporations." Try also Sidney Milkis's remarkable study that emphasizes the 1912 campaign.
UPDATE: NRO's commentary has some telling comparisons and contrasts between BHO and TR.