ABC News? Jake Tapper (@jaketapper) reports:
Romer, gone. Summers, gone. Orszag, gone. And now comes more news of a key member of the president's economic team heading for the exit.
Et tu, Goolsbee?
Of the key members of President Obama's original economic team, soon only Treasury Secretary Tim Geithner will be left.
Council of Economic Advisers chair Christina Romer left in September 2010. Her replacement, Austan Goolsbee, announced yesterday that this summer he will return to teaching at the University of Chicago. National Economic Council director Larry Summers returned to Harvard in January. Office of Management and Budget director Peter Orszag left last July.
What's going on?
More to come....
June 7, 2011 in 2012, Jake Tapper, President Obama | Permalink | Share | User Comments (12)
User Comments
Posted by: David | Jun 7, 2011 11:24:09 AM
Posted by: Skip | Jun 7, 2011 11:22:09 AM
Posted by: deadwrestler | Jun 7, 2011 11:18:22 AM
Posted by: LongT | Jun 7, 2011 11:13:38 AM
Posted by: Parallex View | Jun 7, 2011 11:03:36 AM
Posted by: Avast | Jun 7, 2011 10:59:47 AM
Posted by: Fascist Hyena | Jun 7, 2011 10:56:39 AM
"At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he requested when he took office.
Former White House press secretary Robert Gibbs announced at his own first daily briefing reporters that Obama asked for the daily economic briefing, described then as comparable to the daily intelligence briefing the president gets every morning.
?The president asked that this be added every day to his schedule,? Gibbs said at the time. Gibbs added that Obama believed it is ?important that each day he receive the most up to date information as it relates to the economy.?
But at some point, the daily economic briefings stopped showing up on Obama's daily schedule. "
Posted by: Foghorn Leghorn | Jun 7, 2011 10:52:35 AM
Is another four years worth the end of the Dollar as a reserve currency? The economy is failing, and Obama is exposed as naive, inexperienced and ideological in mindset. Another adviser is leaving and with Summers, Romer, Bernstein, and now Goolsbee out ,the best that can be said is it is at least it's addition by subtraction. The only effort Obama can hope for, and surely there is back door pressure and overtures for a stealth QE from the Federal Reserve. Another round of Quantitative Easing, say 1-3 trillion will provide the punch for an Obama re-election. Mr Bernanke will comply. The "too big to fail (or prosecute) banks", all Obama constituencies, will lobby for more "heroine" and the Fed will comply. A major "correction" is needed to provide the cover, & expect the Fed mainlining to commence at summers end. Obama has failed, trillions have been wasted, clarity for business is non-existent, and the outlook is bleak. The destruction of the dollar and hyper-inflation vs a look in the mirror is the Hobson's choice for this bunch. Obama, Bernanke, and the largest banks value their power above the punishment the Dollar & unsuspecting middle class is about to receive.
Posted by: pauldia Jun 7, 2011 10:51:21 AM
obama is toast!
Posted by: DJ Jun 7, 2011 10:48:45 AM
"Overall, about six in 10 of those surveyed give Obama negative marks on the economy and the deficit. Significantly, nearly half strongly disapprove of his performance in these two crucial areas. Nearly two-thirds of political independents disapprove of the president?s handling of the economy, including ? for the first time ? a slim majority who do so strongly."
Posted by: Fascist Hyena Jun 7, 2011 10:33:37 AM
So the only one left is the Tax Cheat. Great.
Washington Poat:
"The public opinion boost President Obama received after the killing of Osama bin Laden has dissipated, and Americans? disapproval of how he is handling the nation?s economy and the deficit has reached new highs, according to a new Washington Post-ABC News poll.
"The survey portrays a broadly pessimistic mood in the country this spring as higher gasoline prices, sliding home values and a disappointing employment picture have raised fresh concerns about the pace of the economic recovery."
Posted by: Fascist Hyena Jun 7, 2011 10:32:24 AM
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