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SUBJECT:
Summers Contributed to Orszag's Early Exit
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FROM:
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eschwerin@rosemontseneca.com
DATE:
2010-06-24 12:20:41
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<AANLkTim4O48GK85VZzBVqBrgoioMg9QOpW7ScKFfwqvU@mail.gmail.com>
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Hunter Biden
<hbiden@rosemontseneca.com>
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Summers Contributed to Orszag's Early Exit<http://politicalwire.com/archives/2010/06/24/summers_contributed_to_orszags_early_exit.html> The New Yorker<http://www.newyorker.com/online/blogs/newsdesk/2010/06/peter-orszags-early-exit.html> notes that while it's true Obama budget director Peter Orszag isleaving his post<http://politicalwire.com/archives/2010/06/21/orszag_to_leave_cabinet.html> to "spend more time with his family," his relationship with economic adviser Larry Summers, "which was never great, had become intolerable." "Orszag made several attempts to mend things before deciding to leave, but eventually gave up. The Summers-Orszag tension was a classic case of the narcissism of small differences. Orszag and Summers probably agree on ninety per cent of all public-policy issues, but they were a quarrelsome pair, with turf-conscious staffs. The balance of power in the relationship shifted toward Summers last fall, when Obama decided not to make Summers Chairman of the Federal Reserve and, as a sort of consolation prize, increased his authority inside the West Wing." -- Eric D. Schwerin Rosemont Seneca Partners (202) 333-1880 eschwerin@rosemontseneca.co
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