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[Rob L 3,811]

So, Capitalism is to blame. I thought Obama was going to fix that.

That was the Koch brothers/ fox news narrative, "Obama is Quasimarxist", but the capital markets in the US have done better by far under Obama than under Reagan, primarily because things were so far in the #hitter.

I don't think we can blame the prior administration entirely as our entire political and power structure bought into the abyss. We made a half hearted attempt to re-regulate the capital markets to isolate failure in the future, but much of that measly reform was pulled back this year. The largest financial institutions are bigger than ever, and are taking bigger market bets than ever. This cycle will repeat itself regardless of who the President is.

Edited December 23, 2014 by Rob L