I knew the young Barack Obama while he was a student at Occidental College. As I have reported elsewhere he was a Marxist revolutionary back in the winter of 1980.
See, Articles: Meeting Young Obama
There is no evidence of Obama having some sort of conversion experience so it seems likely that he is still committed to some form of socialism and a major effort to redistribute the wealth.
My take is that he did not think that Sanders could win and that he thought the best hope for preserving his legacy was to support Hillary Clinton. Ultimately, however, his heart was with Bernie Sanders.
John C. Drew, Ph.D. is an award-winning political scientist.