I expect the political team at 1600 Pennsylvania Ave. thinks that it might be a win-win. Either they get to sign a bill, no matter how ineffectual, and call it a victory, or they don’t get a bill, and can blame obstructionists in Congress or the flawed process during this year’s elections (and 2012, too). But it’s not going to go down that way.

That’s pretty powerful. The President of the United States calling you out for disloyalty in front of your peers.

Peter DeFazio, a Democrat from Oregon and one of the chairs of the Populist Caucus in the House, just called for the firing of Timothy Geithner and Larry Summers, saying that Barack Obama’s economic team is failing him. He said that there’s a “growing sense” in the caucus that a new economic team committed to jobs and American workers is needed to replace the one primarily concerned with Wall Street.