Don DeLillo’s Libra has been widely acclaimed as a masterpiece of postmodern fiction. Its depiction of Lee Harvey Oswald as a socially constructed subject, as well as its questioning of the distinction between the two genres of history and fiction, makes the novel conform fairly well to postmodern notions of ambivalence, intertexuality, and death of the subject. Examining Libra in a more critical manner, this paper appraises not only the strengths of the novel but also its limitations. The problematic of subjectivity is discussed in the first section and that of postmodern history in the second.