Obama to abandon the

Economist to Obama: New ideas needed

College Park, Md. -- University of Maryland economist Peter Morici called on President Obama to abandon the "conventional wisdom of the left" to pull the country out of recession.

"Just as President (George W.) Bush's blind adherence to conservative ideology threw America into crisis, Obama must unshackle his policies from liberal group think to succeed," Morici said.

Morici said the U.S. trade deficit with China needs to be addressed because until imports are paid for with exports, "inventories pile up and layoffs result.