In the blame game you can blame Carter whose tax reduction and lack of impetus on energy independence wasn't strong enough, you can blame Reagan for growing the military industrial complex's power while hurting working Americans through regulatory nonsense, even though Reagan raised taxes like crazy his ideas have been pernicious, you can blame Clinton for NAFTA and other kowtows to corporate power with his lessening of regulatory structure, Bush Jr was so momentous a failure even his voting base thinks he failed, his money base still loves him, and I blame Obama today for not being FDR. But I guess FDRs come rarely. Allowing the tax breaks Bush gave the wealthy has been a complete failure and Obama didn't fight hard enough to repeal them. BUT FINALLY you can blame the American voters who vote for buffoons, and the buffoons who sit home thinking none of this has any effect on me. Go look in the mirror.
PS I was watching a Tea party freshman congressman interviewed the other day and this man was so dumb it simply boggled my mind. He blamed the entire economic situation on Obama with not a thought of the real world. When fools like this are elected America gets what it voted for: complete and utter idiots.
"The materialistic and selfish quality of contemporary life is not inherent in the human condition. Much of what appears natural today dates from the 1980s: the obsession with wealth creation, the cult of privatization and the private sector, the growing disparities of rich and poor. And above all, the rhetoric which accompanies these: uncritical admiration for unfettered markets, disdain for the public sector, the delusion of endless growth." Tony Judt 'Ill Fares the Land'