I have to disagree with Ezra Klein:  Obama's got a much, much better economics team than Bush started out with.  I agree with his endorsement of Glenn Hubbard.  But Paul O'Neill wasn't exactly an a-lister even before he turned out to have fantastic(ally entertaining!) verbal impulse control problems.  And Larry Lindsay did not match up to Larry Summers in stature, though of course what he got fired for was not being incompetent, but telling the truth.  Bush's second term team has actually been pretty stellar, but his first term left a lot to be desired.  Unfortunately, Bush's second term team--and the incoming Obama team--have had a lot higher hurdles to jump.

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