It is under Obama's watch. He reappointed Bernanke the dove and did a few major good things that prevented USA to fall into double dip recession as many European Countries. Take a look at the Chinese, Japanese and Brazil stock markets. They don't do so well with their own versions of QEs.
For the low, low, introductory price of 400 billion a month in Big Bernie's Mortgage Backed Securities, you too can have a piece of the American Dream. Please start buying now, America, this is our last trick... Don't look at the value of your house for the next 15 years, all we ask.