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Pethokoukis, James

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Cinco Días - Spain | 23/09/2010

Resignation of top advisor gives Obama leeway

US President Barack Obama's chief advisor on economic affairs, Lawrence Summers, has tendered his resignation. The business paper Cinco Días sees this as an opportunity for Obama: "If he manages it cleverly the departure of the White House's brilliant but irritable economic advisor could be a plus instead of a minus. Summers' decision to resign and return to Harvard University offers the president an opportunity to fill up an enormous gap in his administration: the lack of experienced people from the private sector. The businessmen of the corporate world ... would love to see the next director of the National Economic Council chosen from their ranks."

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