I asked this before here, but now that it’s definite who the President is, and the thoughts of election are now gone (leaving us only with the bad news on Wall Street and elsewhere), I think it’s time to revisit the question.
I think the first relevant question is, CAN the economy be fixed? Are the problems too big, too deep? Is the political will in DC and Main Street too weak? Will the vaunted interconnectedness of the world just drag too much down? Or, to bring it out of the realm of apocalyptic fatalism, is it something that can’t be fixed, in that we just have to wait certain untinkerable factors out?
If you think it can, THEN the question becomes relevant: what can President Obama do? What SHOULD he do? Can he at least keep things from getting Depression-style worse?
(Feel free to add any relevant questions I’ve missed.)