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President Obama will name Gene Sperling head of his National Economic Council, according to a person familiar with the matter.
Sperling, who was the head of the council under former President Clinton, would replace Larry Summers.
Sperling is currently counselor to Treasury Secretary Timothy Geithner.
The president will make the announcement tomorrow during his visit to Thompson Creek Manufacturing in Landover, MD, a window manufacturer. While there, the president will also tour the facility and comment on the monthly employment report.
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President Obama takes another step towards the Clinton approach to governing in the center
And I'm sure many that decry 'lefty liberal' will be on here complaining before the day's over. Not sure what they will be complaining about, but trust me....
Sperling was one of the key people in the design and implementation of one the most destructive pieces of legislation in American history; Gramm–Leach–Bliley Act (GLB). This is great. Another Wallstreet pundit to push the agenda towards weakened financial regulation and Wallstreet greed.
And as usual the Obama lovers here are cheering this without even considering the implications and when this guy should stand for everything they say they're against.
Why? because "Obama wants it so I want it too."
Typical.
Enough Commissions, enough Councils, enough Campaigning, enough Complaining. It is time to stop moving the deck chairs around the Titanic, and it is time to start the Cutting.
Start the heavy-lifting Speaker Boehner. Show Obama and Reid what real leadership is all about.
That's right boys, and tell us EXACTLY where you are going to start. No nickel-and-dime stuff, either!
Let's see your hands, fellas.
Hey, JS1, you've been complaining for at least a year if not more. Now it is our turn. Don't like it, go to some other site but perhaps you can't do that because you are paid to post misinformation here.
Still waiting on that answer from you, or anyone of the rest of your Liberal friends, on the Obama debt-ceiling flip-flop Buzz. You and all the other Liberal brain-trust around here seem to be avoiding the question.
You guys having a secret meeting at your tree-house tonight to come up with a unified answer?
You're right JoAnna appoint idiot M Bachmann to the INTELLIGENCE Committee!
"We Are Not Going to Be Any Different Than We've Been" - John Boehner, 9/23/2010
Leadership, you say? Methinks you are barking up the wrong tree.
Why not just eliminate the debt ceiling? Or raise it to $100 trillion. Not like the current $14t will ever be paid back anyway. If you can't live within you means, you just not going to get out of debt or pay back what's already owed.
The first step to recovery is admitting the problem. Continuing to raise the debt ceiling is just kicking it down the road. Like Obama said - failure of leadership.
muffintop
So do you actually think that President Obama would support letting the nation default by not raising the debt ceiling.
HE made a meaningless, political placating vote in 2006 so that he could take a shot at the opposition, but the fact that the ceiling needs to be raised again is to some extent a failure of his leadership.
This is why it is important that President Obama is bringing in some adults who understand that governing is done in the center for the most part and not on the left or the right.
Hopefully they and he are successful in working with the Congress to get the economy back on track.
Of course there will be little to bitch about if people are working and the debt/deficit is going down and the budget is balanced. What fun would that be eh?
Robert, could you do us a Favor & Explain the 3rd sentence of your Post to JS1 ?
She seems Lost when it comes to Political Savy.
Kudos to Gene and the President. Gene did an excellent job during the Clinton Administration. Besides we were housemates in Minneapolis in 1981 to boot.
Ed Schultz just called the Speaker "Tan Man." Now I have a couple two old HDTV, and I really can't say whose skin is a deeper shade of red - the Speaker or Schultz.
He chatting with Dean about 26 year old "kids" losing their health insurance. If they are kids do they still get to vote/drink/gamble? I'm struggling with this definition. Either you are an adult or not. If yes, it'd better if they'd act like it and get off their parents' health plans.
Great, another Goldman Sachs insider in Obama's inner-circle. If this is not further proof that the big banks and wall-street are running this country I don't know what is.