Power Breakfast: Obama economic team changing, Gwinnett airport, Delta, Hartsfield, KFC, homebuilding

It’s not a local story, but it affects us all. The president’s economic team is changing.

Lawrence Summers, the economist who helped design and secure President Barack Obama’s top economic policy priorities, will return to Harvard University at the end of the year, the Wall Street Journal reports.

Summers will be the third top economic official to leave the administration, following the president’s first budget chief and his first Council of Economic Advisers chairman.

Two people familiar with the matter said the president is considering a senior corporate executive as a successor to lead the National Economic Council, the WSJ reports. That would answer criticism that the Obama administration lacks private-sector experience and is aloof from corporate America.

Former Xerox Corp. chief executive Anne Mulcahy quickly emerged as a leading candidate to replace Summers, though White House officials caution that no decisions have been made yet, the WSJ writes.

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5 comments Add your comment

Lifetime Democrat

September 22nd, 2010
6:47 am

Hey Obama (and Obamanites), I believed you and still want to but have decided to let you keep the “change”. You guys are in WAY over your heads. I’m voting straight “R” for the next two years regardless of what any of you say from now on. Straight “R” is awful but it’s better than the “hope and change I can believe in” has delivered. Your time is up!

Realist

September 22nd, 2010
7:03 am

Democrat = slow the spread of nuclear weapons

Republican = STOP the spread of nuclear weapons

TnGelding

September 22nd, 2010
7:04 am

I’ve never liked Summers for some reason. To be so brilliant he just didn’t relate. I do like Laura Tyson, but I can understand why they would want to get someone from the business world. I like Mark Zandi, as well.

Anyone that thinks the GOP is the answer is hallucinating. They got us into this mess. Think “ownership society.” Reducing taxes to 15% of GDP while increasing spending with two wars and Medicare prescription drug coverage was also brilliant.

TnGelding

September 22nd, 2010
7:06 am

Independent = rid the world of nuclear weapons

Nah, we could never give up ours. It’s our “right.”

Right

September 22nd, 2010
1:48 pm

If we were the only country on Earth with nukes then the world would be a very safe place right now