The President's Economic Team

Great letter to the editor today explaining why it is a good thing that Obama's economic team is going back to academia because they were out of touch with how real economics works. Really! Most of Obama's team was pretty conservative. Larry Summers former head of the world bank and from the Chicago School as a liberal laughable. If Obama were to follow a liberal economic policy you would want Reich and Krugman. Those guys weren't called and they disagree frequently with the President's policies. Instead the President has chosen to be Bush lite on economics. He has followed the Bush policies of giving the store away to the wealthy and big business with hope that they might throw a little bit back to us. His replacement picks will be telling, I'm not holding my breath. All we need to do is look at South America to see the future of following the policies advocated by the republicans and their Chicago trained economists.