Now that Larry Summers is confirmed to be stepping down by the end of the year as President Obama’s director of the National Economic Council, the speculation turns to who will replace him. With the business community always skeptical of Obama, word is the president my want to pick a CEO a female CEO, if possible. Others think this is a terrible idea, not because of politics, but because CEOs don’t really have any business (pun intended) holding a position meant for an economist.
Ezra Klein, WP:
Glenn Thrush and Kendra Marr, Politico:
Peter Morici, The Street:
James Pethokoukis , Reuters:
Derek Thompson, Atlantic:
Richard (RJ) Eskow, Huffington Post:
Imagine the spike in consumer confidence we’d see if Paul Krugman or Joseph Stiglitz got the nod. (Hey, a guy can dream, can’t he?) Since the Republicans won’t work with the Administration anyway, there’s no downside.
Jennifer Rubin, Contentions/Commentary:
Matthew Yglesias, Think Progress: