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[[Wall Street]] firms and banks that were bailed out were among Obama's biggest campaign supporters.<ref>''OpenSecrets.org''. [http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638 Barack Obama: Top Contributors]. The Center for Responsive Politics.</ref>  Therefore, the Obama administration bailouts of corrupt, unproductive, and reckless Wall Street firms was hardly surprising, and many argue that it was not helpful in making the United States economy more productive and prosperous by encouraging more risk taking through letting banks off with a slap on the wrist.  Others argue that bailing out the banks kept credit flowing and prevented a much deeper recession and a total collapse of the financial system.  The government will recoup some though not all of its capital infusions over time.  A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations.<ref>Faccio, M. et. al. (2005, March 1). [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905 Political Connections and Corporate Bailouts]. ''Social Science Research Network''.</ref>  Proponents of [[free market]] capitalism said Bernanke should not have bailed out failing firms and instead should have allowed free market capitalism to quickly recover as it did in the depression of 1920 without government intervention (free market capitalists assert that government intervention drags out economic recessions and depressions).<ref>Woods, T.E. (2009, April 10). [http://www.youtube.com/watch?v=czcUmnsprQI Why You've Never Heard of the Great Depression of 1920]. ''Ludwig Von Mises Institute''. Hosted on ''YouTube''.</ref>  

[[Wall Street]] firms and banks that were bailed out were among Obama's biggest campaign supporters.<ref>''OpenSecrets.org''. [http://www.opensecrets.org/pres08/contrib.php?cycle=2008&cid=N00009638 Barack Obama: Top Contributors]. The Center for Responsive Politics.</ref>  Therefore, the Obama administration bailouts of corrupt, unproductive, and reckless Wall Street firms was hardly surprising, and many argue that it was not helpful in making the United States economy more productive and prosperous by encouraging more risk taking through letting banks off with a slap on the wrist.  Others argue that bailing out the banks kept credit flowing and prevented a much deeper recession and a total collapse of the financial system.  The government will recoup some though not all of its capital infusions over time.  A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations.<ref>Faccio, M. et. al. (2005, March 1). [http://papers.ssrn.com/sol3/papers.cfm?abstract_id=676905 Political Connections and Corporate Bailouts]. ''Social Science Research Network''.</ref>  Proponents of [[free market]] capitalism said Bernanke should not have bailed out failing firms and instead should have allowed free market capitalism to quickly recover as it did in the depression of 1920 without government intervention (free market capitalists assert that government intervention drags out economic recessions and depressions).<ref>Woods, T.E. (2009, April 10). [http://www.youtube.com/watch?v=czcUmnsprQI Why You've Never Heard of the Great Depression of 1920]. ''Ludwig Von Mises Institute''. Hosted on ''YouTube''.</ref>  

   

   

The Obama administration has been sharply criticized for [[Obama administration deficit spending|its massive deficit spending]] and [[Obama administration monetary policy|its reckless monetary policy]] via vast increases in the [[money supply]], although inflation under Bernanke has been below the historic mean.<ref name="gerard"/><ref name="bam"/><ref>Carroll, C. (2009, March 24). [http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/ Bush Deficit vs. Obama Deficit in Pictures]. ''The Foundry''. The Heritage Network.</ref> Celente predicts that if a "second American Revolution" occurs in a peaceful and productive manner, it may include a [[Third Party System|third party movement]] of governance that will advocate a more [[free market]] [[capitalism]] approach to the American economy and a more strict interpretation of the [[United States Constitution|United States constitution]] as far as the authors' [[original intent]].<ref name="celente1"/><ref name="celente2"/>

The Obama administration has been sharply criticized for [[Obama administration deficit spending|its massive deficit spending]] and [[Obama administration monetary policy|its reckless monetary policy]] via vast increases in the [[money supply]], although inflation under Bernanke has been below the historic mean.<ref name="gerard"/><ref name="bam"/><ref>Carroll, C. (2009, March 24). [http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/ Bush Deficit vs. Obama Deficit in Pictures]. ''The Foundry''. The Heritage Network.</ref> Celente predicts that if a "second American Revolution" occurs in a peaceful and productive manner, it may include a [[Third Party System|third party movement]] of governance that will advocate a more [[free market]] [[capitalism]] approach to the American economy and a more strict interpretation of the [[United States Constitution|United States constitution]] as far as the authors' [[original intent]].

During what the [[White House]] billed as [[Recovery Summer]], one half million workers per week continued losing their jobs. His signature legislative achievement, [[ObamaCare]],has been found to be [[unconstitutional]]<ref>Schoenberg, T. & Fisk, M.T. (2010, December 13). [http://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html Obama's Health-Care Law Ruled Unconstitutional Over Insurance Requirement]. ''Bloomberg''.</ref> by several judges and constitutional by others, and is credited as a major cause of uncertainty, high [[unemployment]],<ref>http://www.humanevents.com/article.php?id=33220</ref> lagging job creation,<ref>Foster, J.D. (2010, August 5). [http://blog.heritage.org/2010/08/05/it%E2%80%99s-official-medicare%E2%80%99s-finances-shadowed-by-uncertainty/ It’s Official: Medicare’s Finances Shadowed by Uncertainty]. ''The Foundry''. The Heritage Network.</ref> and risk of a credit default crisis.<ref>Samuelson, R.J. (2010, March 29). [http://www.washingtonpost.com/wp-dyn/content/article/2010/03/28/AR2010032802353.html With health bill, Obama has sown the seeds of a budget crisis]. ''The Washington Post''.</ref><ref>Cramer, J. (2010, March 16). [http://www.thestreet.com/story/10703361/cramer-obamacare-will-topple-the-market.html Cramer: Obamacare Will Topple the Market]. ''The Street''.</ref>  

During what the [[White House]] billed as [[Recovery Summer]], one half million workers per week continued losing their jobs. His signature legislative achievement, [[ObamaCare]],has been found to be [[unconstitutional]]<ref>Schoenberg, T. & Fisk, M.T. (2010, December 13). [http://www.bloomberg.com/news/2010-12-13/u-s-health-care-law-requirement-thrown-out-by-judge.html Obama's Health-Care Law Ruled Unconstitutional Over Insurance Requirement]. ''Bloomberg''.</ref> by several judges and constitutional by others, and is credited as a major cause of uncertainty, high [[unemployment]],<ref>http://www.humanevents.com/article.php?id=33220</ref> lagging job creation,<ref>Foster, J.D. (2010, August 5). [http://blog.heritage.org/2010/08/05/it%E2%80%99s-official-medicare%E2%80%99s-finances-shadowed-by-uncertainty/ It’s Official: Medicare’s Finances Shadowed by Uncertainty]. ''The Foundry''. The Heritage Network.</ref> and risk of a credit default crisis.<ref>Samuelson, R.J. (2010, March 29). [http://www.washingtonpost.com/wp-dyn/content/article/2010/03/28/AR2010032802353.html With health bill, Obama has sown the seeds of a budget crisis]. ''The Washington Post''.</ref><ref>Cramer, J. (2010, March 16). [http://www.thestreet.com/story/10703361/cramer-obamacare-will-topple-the-market.html Cramer: Obamacare Will Topple the Market]. ''The Street''.</ref>