The article Volcker Sidelined as Obama Reshapes Economic Advisory Panel, is just one article in a long list that indicates to me that the Obama administration has gone completely off the rails.

Volcker, known for taming inflation in the 1980s, was disappointed with the way his advisory group became a public relations tool for the White House as its meetings with the president were televised live, making honest discussion difficult to conduct, the person familiar with his views said.

Volcker had rocky relations with Obama’s top economic staff from the start. Although the former Fed chief was in Obama’s circle of advisers early in the 2008 election campaign, he lost much of his influence when the newly elected president chose Lawrence Summers to head his National Economic Council.

The above two quotes may indicate that the derailment may be nothing new.  The frightening thing is that these moves separate Obama from any of the people who might have put the train back on the track.

Either someone has gotten to Obama so that he has taken complete leave or his senses, or as I feared, his time at the University of Chicago has corrupted his mind when it comes to economic policy.  Of course there really are other possibilities that I have not thought of to explain the loss of the Obama administration.