Legal Commentary

Christina Romer Leaving Obama Administration

By Big Tent Democrat

As often happens in government, the person who got it right on the stimulus, Christina Romer, is leaving:

"She has been frustrated," a source with insight into the WH economics team said. "She doesn't feel that she has a direct line to the president. She would be giving different advice than Larry Summers [director of the National Economic Council], who does have a direct line to the president. She is ostensibly the chief economic adviser, but she doesn't seem to be playing that role," the source said.

Meanwhile, back at the failing economy:

[T]he nation lost 131,000 jobs last month, but those losses came as 143,000 Census Bureau workers left their temporary posts, the Labor Department said. June’s number was revised dramatically downward to a total loss of 221,000 jobs. The agency originally reported that the nation lost 125,000 jobs in June.

If Obama fails politically, the cause will be his policy failure regarding the size of the stimulus -- when he listened to Geithner and Summers instead of Christina Romer.

Speaking for me only

Full post as published by TalkLeft on August 06, 2010 (boomark / email).