Obamanomics Is Recast as 'Recovery Summer' Fades - WSJ.com

David Wessel writes about Barack Obama's economic plans.

As I understood--or imagined I understood--things at the start of 2009, the Obama administration was going to do five things:

Pass the biggest piece of expansionary fiscal policy it could do quickly--a pseudo-Republican one with a lot of (likely to be relatively ineffective) tax cuts in order to freeze delay and opposition.
Conduct stress tests on the banks--and then either trumpet the results if it looked like they were healthy or...