There are two types of Progressives right now, those who are focused on the day-to-day pragmatics of politics--let's call them pragmatic Progressives--and those who are concerned about long-term systemic trends--Let's call them structural Progressives.
Structural Progressives worry about the long-term destabilizing effect of wealth being distributed upward the way it has been over the last 30 years. The structural group is big picture, and "symbolic" victories matter to them if they are understood as wins in the longer-term war that is being fought for the soul of the country.
If you don't think that the aggregation of wealth and the power that comes with it in the hands of so few is a problem for a democratic republic, you're probably fine with the Obama deal. Long-term trends don't matter that much to you--you're more concerned with making it to next week or to the next election cycle. Or you're oblivious of or incredulous that America is evolving into a stratified, Brazil-like oligarchical society. Sure, you're concerned about wealth stratification, but not that concerned. You've got other things to worry about.
The pragmatic progressives, and Obama is one of them, are, therefore, small picture, play-the-cards-you're dealt, get done what you can, and all that matters is getting the best deal in the short run. History will take care of the big picture. They focus on what's possible in the given political reality, and accept as a victory whatever progressive gains they can obtain given the hard political realities. They tend to look at structural issues as "symbolic" and impractical. There is for them no "war"; there is only the day-to-day skirmishing, and at the end of it, after one term or two, history will judge whether a presidency was net gain or net loss, success or failure.