Obamaworld

There's an interesting article in the current Economist on 'Who's Who In Obamaworld' == that being, who's going to be running things if Obama wins. Looking at the smiling faces, I said to my wife 'I wonder how many of these people will be despised or discredited within the first two years?'

Because its got to happen. Many of his economic advisers, even though they have political chops (why I'm really glad Clinton didn't win? It means James Carville won't be poking his dome up above the horizon for a while), are predominantly academics -- and as Ben Bernanke is finding out, economics in the real world doesn't always play out the way that the theories, even the judiciously applied ones, say that it should. (Which brings to mind: why isn't 'economics' considered a plural? ) Some of these people are going to be quite surprised to find that their reasonable suggestions are hotly rejected by people, even people that they thought were on their side. It'd be fun to watch if it wasn't so serious.