Bill Clinton has long been identified with the Third Way -- and I might add, the 1960s Marxist-Alinsky campus radicals (psycho spoiled brats) that took over the traditional, patriotic Democratic Party in the 1970s. Obama is of course an ideological issue of 1960s Marxist-Alinsky radicals.
Copied from an Internet source, Third Way is
"...Something different and distinct from liberal capitalism with its unswerving belief in the merits of the free market and democratic socialism with its demand management and obsession with the state. The Third Way is in favour of growth, entrepreneurship, enterprise and wealth creation but it is also in favour of greater social justice and it sees the state playing a major role in bringing this about. So in the words of... Anthony Giddens of the LSE the Third Way rejects top down socialism as it rejects traditional neo liberalism. —Report from the BBC, 1999"
Third Way means that ultra liberals finally! realize that communism cannot build wealth and thus cannot not work until there is wealth to snatch; and despite the BBC, Third Way does not totally reject neo liberalism; Third Way supports free trade and the market economy -- at least until those mechanisms have created the worldwide wealth that the Third Way ideologues wish to rule.
I have described Third Way as a Marxist revolution from the top down combined with Lenin's New Economic Policy (NEP) where the capitalists (useful idiots) are used to build wealth worldwide and then are discarded by the ideologues.
Obama marches with BJ and his useful idiots.
You can find Hilderbeast's College thesis online (someone OCRed it):
You can also find Moochelle Robinson's (Obama) thesis called "PRINCETON-EDUCATED BLACKS AND THE BLACK COMMUNITY"