The downside? Possible replacements include more of the same Wall Street tools. Erskine Bowles of Catfood Commission fame, is a frequent mention. He once worked for Morgan Stanley and sits on several Corporate boards.

Another name that has popped up of late is Laurance Fink. Fink is currently president and CEO of BlackRock, a large multinational investment management corporation. Another tool of Wall Street.

While I think Obama needs to look in a different direction, Joseph Stiglitz comes to mind, that seems very unlikely. So, we get four more years of the same coddling and kissing up to Wall Street, and four more years of Wall Street whining as they continue to rack up record profits.

And if he chooses Bowles, it's also going to vindicate every person who has been mocked and jeered for his or her criticism of Obama's economic worldview; I can't think of anyone who would be more emblematic of a conservative, pro-austerity, anti-populist economic, fiscal and monetary mindset than Erskine Bowles - unless it was Alan Simpson.

To my mind, pushing this deficit hysteria, still talking about reforming the safety net programs, still neglecting the housing situation, means that if the economy should continue to improve, it will be in spite of what Obama's doing.  

And we will continue to see widening gaps in income equality, and the media and the policy-makers will continue to rely on robust Wall Street performance as the only metric that matters - even if companies still aren't spending, even if unemployment continues to hover in the high-7s, even as more people have to do more with less.

Boehner's "jobs, jobs, jobs" initiatives come January are going to be all about keeping lawyers employed over Fast and Furious (and maybe Benghazi).

Holder will be too busy with that to do any actual AG work, and since Obama doesn't need to worry about re-election now, maybe we could get someone who'll actually go after the white collar crooks on Wall Street.