Ian Welsh has a must-read post for anyone following the economic crisis and wondering how Barack Obama might respond as President. Welsh is concerned that Obama will deploy neo-liberal and not liberal policies on the economy. I think that while Obama may not be pushing for liberal policies now, the economy would be one area where an evolution to the left is most likely. If Ian’s pessimism bears out, then the economy will get worse, necessitating a shift in economic policy towards a liberal agenda. Obama might not be there right off the bat, but I find it hard to believe he’d be incapable of shifting in the face of the evidence.