I'm So Glad We Elected a Democrat, Part One Billion and One

When (one half of) the economy is in free-fall, definitely the best thing to do is keep pandering to the half that's doing awesome, because trickle-down economics totally works and has not been comprehensibly discredited by 30 years of demonstrable evidence of its utter failure. Also: You should totally hire someone who's in touch with the plight of the hoi polloi to run your Economic Advisory Panel, like an executive from GE:

President Barack Obama will name Jeffrey Immelt, General Electric Co.'s chief executive officer, to head his outside panel of economic advisers, replacing former Federal Reserve Chairman Paul Volcker.

Immelt wrote in an op-ed today in the Washington Post that Obama asked him to take the helm of the newly renamed President's Council on Jobs and Competitiveness. The group will reach out to labor and business leaders to serve "as a catalyst for action," he wrote.

Immelt is "a self-described Republican" who "counts former President Ronald Reagan as a personal hero" and thinks that Obama's decision to extend the Bush tax cuts was one of the "real positives" of Obama's presidency.

Cool! He sounds SO COOL.