Tuesday, September 21, 2010



Read: President Obama's Response

By Mike Taylor

New York Observer

Update: The White House has now officially announced that Larry Summers is leaving his position as Director of the National Economic Council and will be returning to Harvard at the end of the year. Here's a part of President Obama's statement:

I will always be grateful that at a time of great peril for our country, a man of Larry's brilliance, experience and judgment was willing to answer the call and lead our economic team. Over the past two years, he has helped guide us from the depths of the worst recession since the 1930s to renewed growth. And while we have much work ahead to repair the damage done by the recession, we are on a better path thanks in no small measure to Larry's wise counsel.

B4B NOTE: Sensing that The President was far from satisfied with Summers. Hoping that he selects economist, Nobel Prize winner Paul Krugman as the replacement.

READ: Official WHITE HOUSE Release

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