And if you really want an answer to your question, all you have to do is go to the right sidebar, click on the category “finance and economics,” and read the posts there and the comments to each post.

The consensus of economists is that the policies enacted since then have averted another depression.

What policies do people here think should have been implemented instead?

That being said, I agree with Neo that Boehner is blowing smoke. I don’t think it would matter much even if Obama brought in the finest promoters of free-market economics from academia or the business world. We’d probably still have Obamacare and massive deficits, and many more unemployed economists…

As it stands, the economic team is falling apart without any need for firings. Romer left, Orszag is gone…

That kinda answers itself, doesn’t it?

I have grave, grave doubts about ANY Congress tackling the enormous financial issues of Medicare, Caid, Social Security, the Fannies, etc.. ‘Twill be much easier to cripple the recent grotesque enactments such as Obamacare, Federalization of student loans, and the like. Not repeal; crippling, with euthanasia to follow under a new POTUS.

A more vigorous slash in spending will not exactly be met with favor by the dependent class. Who will endure the pain? Only the brave, the resolute, who are a precious few. The Dependents may start burning and rioting. And the corrective governance will be thrown out two years later by the dependents.

The sheeple must be motivated in order to share the burden. Perhaps the best motivation will come from public hearings and trials, with severe punishments essential. Kinda like Nuremberg. Then the blame will have been correctly set, and the Great Undoing can begin.

Rectification must start soon, or it will be pointless to try-thanks to the effect of compound interest.

I think that from the president’s perspective, his team is doing a bang up job. Hugs and attaboys all around.

We continue to delude ourselves that Obama’s objectives are our objectives. They clearly are not.

Otherwise, in the wake of the disastrous news that trickles out daily on the scouring of our economic foundations, we would see the front lawn of the White House strewn with the mangled remains of a failed economic team.

That is clearly NOT happening. This is Cloward Piven on steroids.

The objective of this president is to utterly destroy the free enterprise system. The ‘producers’ are to be punished for the perceived subjugation of the ‘looters’. All past sin is to cleansed by redistribution and reparations.

The sooner we get that through our collective thick skulls the sooner we can get to work undoing the damage that has been done to our Republic.

Boehner has a ready-made winning strategy: promise that the Republican Party will introduce legislation to return all unspent stimulus funds to the taxpayers. Veto that puppy, Buraq.

Boehner putting this out there makes it less likely I think. Independents won’t care and might return to Obama but the base will be dismayed at O taking cues from the evil Boehner. It makes for a double whammy: not only would he abandon lefty economics, he’d be taking his ‘orders’ from the evil Republicans!

However if the Republicans win control of one or both houses in November and began a series of hearings about administration officials they will serve the nation’s interest poorly. And they will have insured a comeback by the Dems.

They should pass a budget demanding a real reduction of 5%/year in the Federal Budget as a percentage of GDP for the next ten years. Pass a law requiring a 10%/year reduction for the next 5 years in the regulations on the books of the various federal agencies. And finally demand, with the exception of the DoD, there be a 5%/year reduction in the number of federal employees for the next ten years.

Having done that they should simply adjourn; go home; and stay there.