By GottaLaff
If I were a punditiot, I'd be frothing and drooling over this, insisting that it's the end of the Obama administration, using that already timeworn phrase, "the honeymoon is over". But I'm not, so I won't:
Paul Volcker "has grown increasingly frustrated over delays in setting up the economic advisory group President Barack Obama picked the former Federal Reserve chairman to lead," Bloomberg reports.Okay, punditiots, knock yourselves out. Perpetuate that stellar reputation you've so rightly earned. Meanwhile, I prefer to wait a little longer, put things into perspective, and give them more than two weeks to sort things out.
Volcker blames Obama's NEC Director Lawrence Summers "for slowing down the effort to organize the panel of outside advisers... Summers isn't regularly inviting Volcker to White House meetings and hasn't shown interest in collaborating on policy or sharing potential solutions to the economic crisis."
While Summers "oversees the official White House economic policy apparatus, Obama tapped Volcker for a new Economic Recovery Advisory Board charged with injecting fresh, outside ideas into policy debates."
David Kurtz: "I'm starting to get the sense that Larry Summers is to economic policy in the Obama Administration what Dick Cheney was to national security policy in the Bush Administration."
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