Question

How successful has Obama Administration been regulating the financial system? Why

Answer 1

This is a difficult question to answer first of all.

When entered into the office as president, it was the time of recession and financial crisis in the US economy.

The economic policy of the Obama's administration was characterized by moderate tax increases on higher income Americans which is designed to fund healthcare reform, to reduce the federal budget deficit, and to decrease income inequality. His first term from 2009–2013 included measures designed to address the Great Recession and Subprime mortgage crisis, which began in 2007. These included a major stimulus package, banking regulation, and comprehensive healthcare reform. As the economy improved and job creation continued during his second term (2013–2017), the Bush tax cuts were allowed to expire for the highest income taxpayers and a spending sequester (cap) was implemented, to further reduce the deficit back to typical historical levels. Corporate profits and the stock market reached record levels in 2010 and 2013 respectively, while inflation and interest rates remained near record low levels.

To sum up I would say that Obama's administration had led to improvement in the financial system of the economy.