Yahoo! News reports:
The White House said Tuesday that Lawrence Summers, director of the National Economic Council, would leave at the end of the year to return to Harvard University . Though administration officials said Obama had known for some time that Summers would depart this year, news of his pending exit comes amid deep concern over the sluggish pace of the recovery, as well as criticism of the team that conceived the administration's economic policies.
Obama has already lost two other high-level economic advisers: budget director Peter Orszag and the chief of the Council of Economic Advisers, Christina Romer, both of whom resigned this summer. Treasury Secretary Timothy Geithner would be the only one of Obama's top-tier economic advisers to remain with the administration, should he stay through the end of the year.
Fox News reported that the White house was looking to fill Summers’ position with a women with a background in business. Really?? It's about time.
By the Numbers:
57% of President Eisenhower’s staff worked in the private business sector before being appointed to cabinet posts.
56% of President Reagan’s staff worked in the private business sector before being appointed to cabinet posts.
39% of President Clinton’s staff worked in the private business sector before being appointed to cabinet posts.
55% of President G.W. Bush’s staff worked in the private business sector before being appointed to cabinet posts.
8% of President Obama’s staff have worked in the private business sector before being appointed to cabinet posts.
Or
92% of President Obama’s cabinets appointees who have NEVER worked in the private sector businesses, only in government, academia or non-profit jobs,….can anybody say “Community Organizing?”
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