Crony Capitalism: Is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.
Oligarchy: a small group of people having control of a country, organization, or institution. “the ruling oligarchy of military men around the president” a country governed by an oligarchy. “the English aristocratic oligarchy of the 19th century” government by oligarchy.
In addition, most of this started before president Obama; about 99% of this.