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Old 09-22-2010, 08:59 AM  
Chief Henry Chief Henry is offline
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Why did another Obama economic advisor quit ?

Your thoughts and opinions on why ANOTHER Obama Economic advisor is leaving the white house with his tail between his legs(so to speak) ???
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Old 09-22-2010, 09:03 AM   #2
Chief Henry Chief Henry is offline
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Could it be that Harvard was so desperate for his teaching skills that they made him an offer he couldn't refuse ??? Or could it be that Obama needed some escape goat and this announcement will provide some cover for the next 48 hours news cycle. Or is it something else ?
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Old 09-22-2010, 09:07 AM   #3
Amnorix Amnorix is offline
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They are high turnover, high burnout rate jobs, and the recession has proved extremely stubborn. The stimulus package hasn't done as much stimulating as one could hope.

Bush also had high turnover in his economic team during his first administration. Of course, you guys will want to paint it as the "obviously failed policies", etc. Go for it. I guess Bush's policies failed too.

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Old 09-22-2010, 09:09 AM   #4
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With Summers stepping down, and the left all hot and bothered about don't ask -don't tell. The abysmal economic policies of Obama are not being discussed and Bob Woodwards book are not being discussed ...
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Old 09-22-2010, 09:24 AM   #5
ROYC75 ROYC75 is offline
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Originally Posted by Chief Henry View Post
With Summers stepping down, and the left all hot and bothered about don't ask -don't tell. The abysmal economic policies of Obama are not being discussed and Bob Woodwards book are not being discussed ...
The latest Woodward book is suppose to be a telling bombshell of the in house fighting between the administration.

So much for being a community organizer.
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Old 09-22-2010, 09:39 AM   #6
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They are high turnover, high burnout rate jobs, and the recession has proved extremely stubborn. The stimulus package hasn't done as much stimulating as one could hope.

Bush also had high turnover in his economic team during his first administration. Of course, you guys will want to paint it as the "obviously failed policies", etc. Go for it. I guess Bush's policies failed too.



Did President Bush have three economic advisors quit with in the first 18 months ?

Lets see who's all bailed out or has been pushed out:

Peter Orsazag....Obama's Budget Director
Christina Romer...Obama's Chairperson of the White House Council on
Economics
Larry Summers..."the architect" of Obama's dismal Economic Policy
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Old 09-22-2010, 09:40 AM
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Old 09-22-2010, 09:45 AM   #7
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Old 09-22-2010, 09:59 AM   #8
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Did President Bush have three economic advisors quit with in the first 18 months ?
Lawrence Lindsey (NEC Director), Glenn Hubbard (CEA Chair) and Paul O'Neill (Treasury Secretary) all left before or right after the 2002 midterm elections. This is pretty common.

Its too bad to see Summers go, he's undoubtedly one of the top economic minds out there. Unfortunately he's known for butting heads with pretty much everybody, so they may be better off without him.
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Old 09-22-2010, 10:05 AM   #9
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Lawrence Lindsey (NEC Director), Glenn Hubbard (CEA Chair) and Paul O'Neill (Treasury Secretary) all left before or right after the 2002 midterm elections. This is pretty common.

Its too bad to see Summers go, he's undoubtedly one of the top economic minds out there. Unfortunately he's known for butting heads with pretty much everybody, so they may be better off without him.
Summers is a top economic mind ? It sure doesn't look like it right know.
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Old 09-22-2010, 10:34 AM   #10
ROYC75 ROYC75 is offline
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It would appear that the SS Obama is sinking. Soon, Rahm will be leaving as well.
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Old 09-22-2010, 10:44 AM   #11
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It would appear that the SS Obama is sinking. Soon, Rahm will be leaving as well.
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Old 09-22-2010, 12:02 PM   #12
Amnorix Amnorix is offline
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Quote:
Originally Posted by Chief Henry View Post
Did President Bush have three economic advisors quit with in the first 18 months ?

Lets see who's all bailed out or has been pushed out:

Peter Orsazag....Obama's Budget Director
Christina Romer...Obama's Chairperson of the White House Council on
Economics
Larry Summers..."the architect" of Obama's dismal Economic Policy
Paul O'Neill was Secretary of Treasury for 2 years, was fired, and then published a book saying Bush's economic policies were irresponsible. Larry Lindsey was chair of the economic council (same as Summers) and left after less than 2 years also. Mitch Daniels was OMB director for 2-1/2 years, and Glenn Hubbard, chair of the Council of Economic Advisors, lasted barely two years also.

So yeah, it's about the same, especially when you adjust for the fact that the .com bubble was about 1/10th of the fiasco that the housing bubble was.
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Old 09-22-2010, 12:04 PM   #13
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It would appear that the SS Obama is sinking. Soon, Rahm will be leaving as well.

If I were a Republican I might wonder if you cheer when our boys are shot in Afghanistan or something. Luckily, I'm not stupid enough to wonder if that's the case, because I know it isn't.

But, whenever we next have a Republican President, perhaps you can keep in mind that denigrating the opposing party's presidential administration isn't anti-American.

Food for thought.
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Old 09-22-2010, 12:04 PM   #14
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"Cleaning up Bush's mess is hard work."
Good point.





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Old 09-22-2010, 12:15 PM   #15
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Originally Posted by Amnorix View Post
They are high turnover, high burnout rate jobs, and the recession has proved extremely stubborn. The stimulus package hasn't done as much stimulating as one could hope.

Bush also had high turnover in his economic team during his first administration. Of course, you guys will want to paint it as the "obviously failed policies", etc. Go for it. I guess Bush's policies failed too.

2 years into it and we "Bush did it first" is still the response of choice? Bet you had higher hopes than this for obama.
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