Ryan Barnes submits:I just finished listening to Obama’s press conference announcing the new economic team, and the market seems generally disappointed by the lack of juicy details. We wanted to hear how big the stimulus package would be, and we secretly hoped to hear that capital gains rates would be preserved to expiration. We didn’t get either, but between the lines the strategy has been set. In his resume read-off of the economic team, Obama made several glowing mentions to the Larry Summers ideology. He even went so far as to say in essence, “I’m going to take Larry’s brain and turn it into economic policy…the debate on what to do right now starts with Larry Summers.”Complete Story »