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« A Weak Dollar Produces a Weak Economy | Main | Copenhagen's Ardor Cooling, Along with Climate »

Democrats Turning on Obama Economic Team

Pete Defazio is a popular and senior Democrat member of the U.S. House from Oregon and a leader in something called the "Populist Caucus" that was created earlier this year. His call for the resignation of the President's two top economic advisers, Larry Summers and Tim Geitner, should send shudders through the White House.

The misuse of TARP money now reverberates through the President's party on Capitol Hill. It means that the economic recovery is sputtering on Main Street, where it matters most.

Of course, the real scandal is not the salary bonuses at Wall Street, but the way the government has misused stimulus money on low impact, temporary projects that do nothing to create permanent jobs.

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