Charles Ferguson is the director of the new documentary, "Inside Job", which is generating a lot of buzz. It is narrated by Matt Damon, and explains the financial crisis that began in 2008 and continues to this day. Ferguson has contributed an article to the War Room blog at Salon.com, and it's a stunningly clear indictment of the plutocracy that has taken over both the American economy and its political system. Please, do yourself a favor, and read the entire thing. Did you read it? Good, now we're ready to continue. Here's the part that I'd really like to draw your attention to (emphasis mine):

It is, in short, overwhelmingly clear that President Obama and his administration decided to side with the oligarchs -- or at least not to challenge them. This raises the question of why they have made this choice, and whether it is a correct (in the sense of rationally self-interested) calculation on their part. As to the "why," several explanations have been proposed. One is that the president, as a matter of individual psychology, is extremely conflict-averse, preferring to avoid fights no matter how important. A second hypothesis is that the president is simply doing the most he can, given the political climate and the furious lobbying effort with which he is confronted. This explanation, however, is belied by the personnel appointments, among other evidence. A more disturbing possibility is that the Obama administration has simply codified a new strategic equilibrium in American politics, one first devised by the Clinton administration, in which both parties are supine with regard to the financial sector and the wealthy. [More . . . ]