His administration is certainly setting the US up for a major transformation. I had a conversation with a lawyer/investor who has been an adjunct prof at a state U business school. His take was any major crisis involving insolvency would lead to a much bigger role for the federal government in the economy. What would emerge would be a nationalized banking and credit system (probably disguised as one in which the feds were just ‘stake holders’). Major corporations would either come under GM type fed control if they faltered or be subject to federal ‘coordination’ to assure ‘the people's interests would be protected’. If the President was a really clever and media savvy type he could become another FDR which would greatly boost the prestige of the federal government in the eyes of a majority of the voters. Such a situation would create a great deal of economic turmoil globally but a clever president could turn foreign quarrels to his advantage by discovering some reason in them for intervention which would be described as ‘protecting democracy’ or some other attractive but meaningless phrase.