People who know Obama say he has been surprised and appalled in how many of the rich people who now form his social circle have made concessions to Trump. He’s reaching out to business and other institutional leaders, urging them not to bend to the current administration even if it helps their bottom lines.One of Obama's flaws is that he is an elitest. He does believe the rich guys in nice suits should run the world, and that they will do it competently and benevolently.
Not sure how he came to that conclusion.