A free market that nearly put us into the Second Great Republican Depression. Far from being heavy handed, or destructive, the President's policies have not gone far enough in curbing the insane practices on Wall Street that created the economic debacle that we are still pulling out of.
Nonsense.
It's curious that you breeze right over dunderheaded governmental policies and the reckless practices of the quasi-private companies of Freddie Mac and Fannie Mae, for example, which were at the epicenter of the housing-credit crash that caused the current recession or profoundly exacerbated a cyclical economic downturn: leftist politicians bullying the private sector to relax sound lending practices, sell and bundle high-risk mortgage products.
(And by the way, the current economy is not the worst since the Great Depression. That prize goes to the Nixon-Carter years of stagflation and stupid, governmentally imposed price controls.)
Then the Obama Administration, after incessantly complaining about the debt that the Bush Administration piled up, spent trillions more, further exacerbating our economic woes.
But of course anyone with an IQ above that of a gnat understood all along that Obama never intended to arrest out-of-control government spending. On the contrary, he knew along that he would drive the debt to its present level and beyond.
"...the findings of the Financial Crisis Inquiry Commission (FCIC), which was appointed by Congress to investigate the causes of the crash.1 Contrary to Wallison, the nine other members of the commission, including three others appointed by Republicans, concluded that Fannie and Freddie were not the main causes of the crisis."
Did Fannie Cause the Disaster? by Jeff Madrick and Frank Partnoy | The New York Review of Books
After the Bush Crash the spending was necessary. Cutting and deducing the budget would have brought on a depression.
You really don't read most of the stuff you comment on, do you? (Referring back to the partisans and ideologues going with the particular schtick of their leaders.)
From the link you provided, which by the way explicitly rebuts the point you are making here:
"The book boldly and passionately asserts that the risk-taking of Fannie Mae and Freddie Mac was a major element in causing the housing bubble. In particular, the authors blame the crisis on the goals set by the Clinton administration in the early 1990s to make lending “affordable” to more middle- and low-income home buyers. These goals were raised several times over the next dozen years so as to include more people, with the result that loans became cheaper. The authors write, “The homeownership drive helped to plunge the nation into the worst economic crisis since the Great Depression.” They add, “How Clinton’s calamitous Homeownership Strategy was born, nurtured, and finally came to blow up the American economy is a story of greed and good intentions, corporate corruption and government support.”