Time for Obama to 'panic' and 'fire a lot of people'?

James Carville argues that Obama needs to clean house, indict bankers, and panic — lest we wind up with "a crazy person running our nation"

It's time for President Obama to fire many of his advisers and start fresh, argues longtime Democratic strategist James Carville.
(Image credit: CC BY: The White House)

Democratic strategist James Carville has some advice for President Obama: "Panic." Also, "fire a lot of people" — especially in his economic policy shop — stop talking up "the Republican austerity garbage," and indict "people in American finance who haven't been held responsible for utterly ruining the economic fabric of our country." The "ragin' Cajun" — who ran Bill Clinton's surprisingly successful 1992 campaign — says that after Democratic losses in Tuesday's special elections, the time for explanations and talking points is over, and the stakes — a Republican victory in 2012, Carville says, would result in "a crazy person running our nation" — are too high for Obama to hew to the same course. Should Obama listen?

Panicking is a terrible idea: I'm all for prosecuting the financial criminals of 2008, says Jason Linkins at The Huffington Post, but I don't see how any of Carville's other prescriptions would solve Obama's big problem — the economy. On top of that, "I'm pretty sure that The Complete History Of Unambiguously Effective Presidential Manic Panic Freakouts is a zero-page book," and Obama's cool in 2008's crisis is a big reason we elected him over the panicky John McCain in the first place.

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