Bloomberg News' Hans Nichols reports that White House economic adviser Larry Summers will be leaving the administration after the November elections. Summers, as director of the National Economic Council, has been a lead architect of President Barack Obama's economic recovery policies. Those policies, particularly the stimulus, have been attacked from the right as too expensive and from the left as stopping too short. The New Yorker's Ryan Lizza has been one of the few high-profile pundits to endorse Summers's strategy.
Whispers began in January that Summers, a famously difficult personality, had fallen out of favor in the White House. A handful of writers, including The Atlantic's Josh Green, have more recently predicted that Summers would depart. There will surely be more analysis to come, but here are the first-order reactions to the news. They address the immediate questions of whether this will help Democrats in the elections, what it means for economic policy, if Treasury Secretary Timothy Geithner is to follow, and who will replace Summers. Mostly, the open disdain for Summers is on full display from both ends of the partisan spectrum.
Will Larry Summers be this year's Donald Rumsfeld, leaving too late to do his party any good?
Reports that Larry Summers WOULD leave before election but Admin having problem finding someone as experienced as Summers at being wrong.
Goodbye #Larry Summers, hello to the Obama admin doubling down on Keyensian demand side policies.
Apparently Larry Summers is out after election; finally a chance to get a nap without everyone watching.
Imagine folks on all political sides anxious to chip in for Larry Summers goodbye party.$$
Larry Summers leaving after Nov. elections? A huge loss for the Administration and country--moderating influence to wild-eyed Dems. Too bad!
> Larry Summers is all set to leave the White House in November. The rats are fleeing the sinking ship after causing the ship to sink.
Larry Summers To Join His Own Unemployment Statistics http://bit.ly/bkWWhr