Now that Larry Summers is leaving, the president has a decision to make that will send a signal about the next two years of economic policy. That signal can restore consumer confidence and reinvigorate the electorate, or it can lead to even more discouragement and despair. This week unnamed administration officials floated the idea of naming a corporate executive to the position. That's a trial balloon that should be punctured immediately.
For Obama to show the kind of transformational leadership the crisis demands, he needs to do what so many of his critics have chided him for not doing: take a stand that puts him at odds with the establishment of his own Party. Read More WATCH: Arianna On The CBS Early Show Discussing America's Changing Perception of Sarah Palin The Palin Doctrine: Why the Neocons Are So Excited Sarah Palin may not have known what the Bush Doctrine was, but we're getting a pretty good idea of what the Palin Doctrine is. And what is it going to look like? Let's just say, it's going to seem familiar. Read More