While Obama's most recent capitulation continues to breed controversy among progressives with one commentator going so far as to raise the possibility of renomination difficulties. Bloomberg reports that more than half of Americans want the Federal Reserve reined in or abolished.
A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright.
Let's also concede that the euphemism for FIRE, "Wall Street" is not polling that well either. So that begs the question.
If FIRE is so unpopular why does it dominate our country?
The answer is that the FIRE economy does not only not require democracy to exist it is often antagonistic towards it. There is perhaps no force in contemporary politics more hostile to the democratic process or being controlled (regulated) by democratically elected government officials. This is not irrational, few people actually want an economic system based on 'socialism for the rich and capitalism for the poor.'
Luckily for FIRE the political system in many countries, America especially is more akin to 'one dollar, one vote' than 'one man (person), one vote' which allows rich individuals and even nonpersons like corporations to influence public policy. No group is more perfect to fund political activity than one that makes large amounts of cash in the form of bonuses and has such a direct interest in government policy. Not surprisingly no sectors have given more in campaign contributions or lobbying activities than Finance, Insurance and Real Estate.
The goal for FIRE is to depoliticize economies or make it seem like government can't work. Anyone who understands even basic economics knows it's all about making choices (also know as politics) but the more people distrust government and think it unable to function the easier it is for FIRE to get its way. By de-legitimizing government and other forms of public accountability FIRE can bypass democracy - cynical but effective.
A working democracy would not only tax a sector that producesnothing but instability and rent seeking profits, but regulate and master it to serve the public good. This is a grave threat to FIRE and the status quo. Politicians must be bought, opponents defeated, mindless doctrines unquestioned; in short democracy must burn. And so it has.