I would argue that at least the second part of the equation is true enough to most people has caused Obama to react as he has in order to stop the tremendous tide of negative public opinion. I don't think anyone here (perhaps I'm wrong) thinks Obama distancing himself from Wright is anything but political expedience.
Based on Wright saying that Cone and his philosophy are what he based the philosophy of his church on, I would think the first part is relative sound as well.
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