I disagree that Obama was a tool for large corporations. Certainly he negotiated with powerful members of the business community, but he passed Dodd-Frank, the ACA, and Stimulus with significant (sometimes mixed) opposition of said communities. That’s why they invested heavily in Paul Ryan and his buddies in 2010. This doesn’t mean I agree with Obama on everything—Chained CPI was stupid—but I don’t find the non-nuanced black-or-white Left screaming convincing at all. All legislation takes compromise—the New Deal featured compromises too, some pretty unsavory.
On the neoliberalism front, Clinton came into office believing he had a left-leaning mandate, and got thwacked by voters in 1994 just like Obama in 2010. His budget was progressive, raising taxes substantially on the wealthy for the first time in a decade, and reversed many of the Reagan era budgets of the 80s. He was murdered for those tax increases by the business community, and attacked visciously by conservatives operating a legal coup via the Arkansas Project. This at a time where right wing radio was just coming into the fire and cable news was taking shape in the way we know and love.
The above in no way makes all the policies he signed good, but let’s spread some blame around here. Bernie Sanders voted for the Commodity Futures Modernization Act twice, the House version and the version pushed by Phil Gramm in the Senate (Paul Wellstone and his fellow House progressive caucus members didn’t). The Telecommunications Act had a 2/3rds majority vote behind it in Congress. He vetoed Welfare Reform twice before signing it, his worst mistake. Let’s not pretend welfare was popular or polling high though. “Reform” was coming in one iteration or another and Clinton was elected on reform in 1992.