I Agree With John Boehner. Sort of.
August 24,2010 
GOP nitwit John Boehner almost never has anything useful to contribute to the national discussion. But his suggestion that Obama fires his economic team is probably the smartest thing he has ever said. Admittedly, Boehner's solution is to find even stupider economists to undo the very modest reforms Obama's pro Wall St advisors have done, but you have to give him credit for getting it half right.
Tim Geithner and Larry Summers have zero credibility when it comes to financial regulation, and Obama's insistence on having the same people who wrecked the economy put it back together again has been one of the most confounding aspects of his presidency. While Obama almost certainly recognizes the serious flaws in the economic philosophy espoused by Geithner and Summers, his fear of having serious reformers take over the crucial task of regulating Wall St has the potential to backfire later on. Should the half baked regulatory reforms lead to another crash, it will give ammunition to people like Boehner who can claim that Obama's 'socialist' policies are not working.
This is akin to what the Tory government has done in Britain – blaming the Left for the financial crisis and ignoring the fact that it was their own free market philosophy that did the damage.
While the Labour government tried to implement a serious Keynesian response to the crisis, they were too late and gave up too much ground to the Tories. Obama still has time to enact a serious Leftist agenda, the fruits of which will be seen relatively quickly (at least in time for 2012). So yes, take Boehner's advice and fire Tim Geithner and Larry Summers. Just replace them with serious reformers like Elizabeth Warren and Paul Volcker.
GOP nitwit John Boehner almost never has anything useful to contribute to the national discussion. But his suggestion that Obama fires his economic team is probably the smartest thing he has ever said. Admittedly, Boehner's solution is to find even stupider economists to undo the very modest reforms Obama's pro Wall St advisors have done, but you have to give him credit for getting it half right.
Tim Geithner and Larry Summers have zero credibility when it comes to financial regulation, and Obama's insistence on having the same people who wrecked the economy put it back together again has been one of the most confounding aspects of his presidency. While Obama almost certainly recognizes the serious flaws in the economic philosophy espoused by Geithner and Summers, his fear of having serious reformers take over the crucial task of regulating Wall St has the potential to backfire later on. Should the half baked regulatory reforms lead to another crash, it will give ammunition to people like Boehner who can claim that Obama's 'socialist' policies are not working.
This is akin to what the Tory government has done in Britain – blaming the Left for the financial crisis and ignoring the fact that it was their own free market philosophy that did the damage.
While the Labour government tried to implement a serious Keynesian response to the crisis, they were too late and gave up too much ground to the Tories. Obama still has time to enact a serious Leftist agenda, the fruits of which will be seen relatively quickly (at least in time for 2012). So yes, take Boehner's advice and fire Tim Geithner and Larry Summers. Just replace them with serious reformers like Elizabeth Warren and Paul Volcker.
Ahem… Labour (has the “New” been consigned to history?) had plenty of time to increase the regulatory powers of the FSA and other City bodies, but chose instead to cave into the bankers and their lobbyists who claimed it would undermine London’s competitiveness. You can’t blame the Tories alone for an ideology which was and still is, to varying degrees, shared by all the major political parties.
As for the response to the economic crisis, Obama’s deficit commission doesn’t really fit with the Leftist agenda you seek, does it?