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I went and looked up definitions of ‘oligarch’ to make sure I didn’t misspeak. Nearly everything I found lines up perfectly with the point I was expressing.
Your focus on motivations isn’t a useful way to evaluate figures like the Obamas. It doesn’t matter what’s in their hearts, only their actions. What difference do their beliefs make, if their actions are harmful?
Obama’s entire administration was filled to the brim with actions and inactions that had the effect of protecting and preserving entrenched power structures. Here’s several examples:
Obama chose to let the individuals and organizations directly responsible for the 2008 economic collapse to avoid criminal accountability. Obama massively increased the use of lethal unmanned drones and instituted a policy of retroactively classifying civilians killed by them as combatants because of those individuals proximity to the resulting explosions. Obama sacrificed the Supreme Court seat that would lead to Roe’s overturning by choosing to not challenge McConnell’s unprecedented months long stalling. Michelle Obama’s misguided “when they go low, we go high” sentiment perfectly characterized the ineffective, elitist political strategy that enabled trump to win in ‘16. I can go on and on with examples.