This president will never do a single thing to oppose the the agenda of the ruling financial elite unless, of course, members of the ruling elite tell him to oppose something meaningless just for the sake of appearances.
Answer: The president is not in office to represent those people. He was selected, funded and carried over the finish line by corporate America. Look at the appointment of Wall Streeter Timothy Geithner, the bailouts, and the failure to prosecute any of the crooks who caused the current recession. He's serving the people who put him in office. Those people don't need Social Security and Medicare.