Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear
By Will McCahill,  Newser Staff
Posted Apr 6, 2010 8:34 PM CDT

(Newser) – Economics guru Larry Summers will be out the Obama administration by November’s election, or shortly thereafter, Joshua Green contends—mainly out of frustration that Treasury Secretary Timothy Geithner, and not he, has become President Obama’s go-to adviser in that area. Blogging for the Atlantic, Green notes that, after being passed over for the top spots at Treasury and the Federal Reserve, “Summers is frustrated by his role, and his colleagues are clearly frustrated with him.”

“Summers always seemed a bad fit for National Economic Council director because the job entails dispassionately presenting the president with the counsel of his competing economic advisers,” Green writes. “Summers doesn’t do ‘dispassionate’ and he didn’t want to limit himself to fielding others’ advice—he had plenty of his own to offer. In other words, he was supposed to be the referee, but he also wanted to play power forward.”

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