Peter Cohen (a financial analyst, not a partisan) writes:
Between January 2001 and January 2009, the U.S. was under the control of Republican Socialism, the idea that the purpose of government is to enrich the top one percent.
How does it work? Cut taxes on the rich; fight wars that put money into the pockets of defense contractors; cut wages; get people hooked on debt to make up the difference; deregulate Wall Street and when they crater use taxpayer money to pay bonuses to the bankers who created the mess while keeping their banks from failing.
This is the lead-up to a good argument making a quite different point: that the attribution of stock-market movements to news events is mostly bushwa.