Summers Expected to Leave White House After Election

[laughingliberal]

Source: Bloomberg

White House officials expect Lawrence Summers to leave his job as the president’s National Economic Council director after November’s congressional elections, according to three people familiar with the matter.

His departure would leave Treasury Secretary Timothy Geithner as the only member of President Barack Obama’s original top-tier economic team. Summers, 55, and the president have discussed his future plans, according to one person.

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said. White House aides are also eager to name a woman to serve in a high-level position, two people said. They also are concerned about finding someone with Summers’ experience and stature, one person said.

Read more: http://www.bloomberg.com/news/2010-09-21/summers-may-leave-as-head-of-obama-s-national-economic-council-in-november.html

[notesdev]

1. Finally!

This guy should never have been allowed anywhere near the levers of power.

[Roland99]

2. Agreed. But watch Dimon be named his replacement.

Or maybe we'll be lucky and Snow will come back in that position.


:eyes:

[notesdev]

5. We'll see

maybe all the screaming for economic sanity has finally penetrated the Oval Office. Paul Volker is hanging around not doing much else...

[disndat]

19. Paul Volker is a possibility.

He's been warming up in the bull pen, not hanging around doing nothing much. That would certainly give the Democrats a boost in the November election.

[quakerboy]

27. Not if it came after the election, as per the article.

even the unofficial word passed as to that choice would likely be uninspiring, given how often these rumors of good choices have turned into realities of just another well connected guy from the right company.

[laughingliberal]

8. Dimon? Could be. From the update I just posted:

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said. White House aides are also eager to name a woman to serve in a high-level position, two people said. They also are concerned about finding someone with Summers’ experience and stature, one person said.

http://www.huffingtonpost.com/2010/09/21/larry-summers-leaving-whi_n_733711.html

[izquierdista]

12. Summer's experience and stature

[99 Percent Sure]

22. Heh.

:toast:

That bozo. Such a clown.

[unkachuck]

43. you've....

....insulted Bozo, not nice.



....larry captured without insult....

[Roland99]

18. He was mentioned as a possible Geithner replacement not too terribly long ago

Would be another slap in the face to middle America.

[jefferson_dem]

3. After the elections...

Here - http://www.huffingtonpost.com/2010/09/21/larry-summers-leaving-whi_n_733711.html?ir=Politics

[Tx4obama]

7. Yeah, and it says 'LIKELY LEAVING', so there's NO confirmation yet. n/t

[jefferson_dem]

10. It's official.

WH just announced that Obama Economic Advisor Larry Summers will return to Harvard at the end of the year.

http://twitter.com/markknoller/statuses/25152163613

[notesdev]

13. They've yet to tell him

He's still napping...

[pnwmom]

4. Larry, don't let the door hit you on the way out. n/t

[elleng]

6. My friend suggests that he'll next serve as Ambassador to N Korea!!!

[No Elephants]

9. .....

"To fend off claims of being anti-business, the Obama administration may replace Summers, who serves as the director of the president's National Economic Council, with a top corporate executive, Bloomberg reports."

Oh, goody.

[HCE SuiGeneris]

11. The sooner the better, and good riddance.

I would feel so much better about the Democrats holding the Presidency if we could oust the Goldman-Sachs/Morgan-Stanley/Monsanto parasites that are currently entrenched within the structure.

[damonm]

14. Hmmm...replace him with Elizabeth Warren? n/t

[lurky]

15. He's not pro-corporate enough for Obama, says the article...

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said.

I was happy until I read that part.

[Bodhi BloodWave]

26. personally i'm taking it with a ton of salt until its a named source stating it n/t

[grasswire]

16. Here's your hat -- what's your hurry?

Just go now, Larry.

[grasswire]

17. Robert Reich would be okay with me. (eom)

[No Elephants]

25. Seems unlikely. Please see Replies 9 and 15.

[lonestarnot]

32. And me!

:applause:

[notadmblnd]

20. Oh, now I understand why there's been all this clamor recently to pain the administration being

anti-business. -So they can coerce the administration into placing thier people into positions that benefit them. I hope the White House has learned that going the extra mile to placate the right has gotten the administration nowhere so far, and that they think really hard about placing one of these corporate criminals (especially bankers) in such a position.

I'm tired of the administration worrying about criticism from the right. The right has never supported him and will never will no matter what he does to placate them. And any deals that are made will more than likely be promptly reneged upon.

[laughingliberal]

23. I don't think they've learned, at all.

This suggests they're going further right:

Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said.

Their lackluster results for middle and working class Americans seem not to have impressed them at all. They're in a dither because 'bidness' isn't happy with them.

[quakerboy]

28. yup

I wonder which way the elections will push them. Wakeup call to reality or "omg, we need to compromise more!!!"

[w4rma]

21. What is the point if it will be someone worse? There are no progressives at all in his cabinet. (nt)

[ozone_man]

29. Krugman.

Dean for chief of staff to replace Rahm. Change we can believe in. ;)

[AnnieBW]

24. Don't let the door hit ya

where the Goddess split ya, Larry! And take Geithner with you!

[Skink]

30. Corzine up next.

[progressoid]

31. to be a replaced with a corporate executive.

Oh yippee dippee doo.

[Lucky Luciano]

33. Summers said to be expected to leave White House in November

Source: Bloomberg

Headline only

No link yet.

---

Headline at 15:48

[aquart]

34. Oh, why wait?

[tishaLA]

35. Bye Larry!

[Elwood P Dowd]

36. Don't let the door hit you in the ass......

asshole!

:puke:

[bullwinkle428]

37. Take Timmeh with you, and we'll call it a deal!!

[leveymg]

38. Write when you get work, Larry. It may take you 35 weeks, or more.

:P

[defendandprotect]

39. Obama just put an ex Citigroup exec in charge of Office Management/Budget????

So don't get hopeful on Summers -- some bigger and sleazier corporate creep

will probably replace him!

[BumRushDaShow]

40. And DU cheers! n/t

:applause: :P

[Po_d Mainiac]

41. A college trust fund is missing an idiot...n/t

[lonestarnot]

42. Confirmed. link

http://www.reuters.com/article/idUSTRE68K57V20100921