Paul Volcker and getting the country on track?

Paul Volcker has been creeping around the Obama campaign and a story in today's LA Times raises the question of how far his influence will go. Volcker, the highly regarded Fed chairman under Reagan, is heading up the Economic Recovery Advisory Board, and the story mentions that Volcker could push the country in a direction where pain could result in the short-term, but long-term growth might be triggered if we can weather this ephemeral perdition.

PV is more frugal than all y'all