What this liberal critic doesn't seem to understand is that the financial sector of our society comprises most of the ruling class. These people have always been a major part of the US ruling class starting with financier Robert Morris who, with Alexander Hamilton, after the US Revolution immediately created a central bank under private ownership. The main difference now is that they are overwhelmingly represented among the ruling class. So, why shouldn't one expect that their policies would almost exclusively serve banking interests? Thus, the liberal Scheer acts like he is offering some profound insight with this statement:
The record is by now indelibly clear that the economic approaches pursued by George W. Bush and Barack Obama, with Bernanke playing a key role in both administrations, can be most accurately summarized as a policy of government of the bankers, by the bankers, and for the bankers.The inability of American liberals to advance a more insightful class analysis of political events has greatly retarded the raising of the political consciousness of the American people, and thus they have contributed to the increasing concentration of financial and corporate rule.