"The other party's opposition is also rooted in some sincere beliefs about how they think the economy works.  They think that our economy will do better if we just let the banks or the oil companies or the insurance industry make their own rules.  They still believe that, even after the Wall Street crash, even after the BP oil well blew, that we should just keep a hands-off attitude.  They think we should keep doing what we did for most of the last decade leading up to the recession.  So their prescription for every challenge is pretty much the same -- and I don't think I'm exaggerating here -- basically cut taxes for the wealthy, cut rules for corporations, and cut working folks loose to fend for themselves.  Basically their attitude is, you're on your own."  President Obama, June 30, 2010.

Sources:  Innocent Bystanders and St. Louis Fed/FRED.