Another Obama Economist Jumps Ship

J.D. Foster / August 06, 2010

According to reports, Christina Romer, Chairman of the President’s Council of Economics Advisers (CEA) is calling it quits.  Why does this matter? Another ignored economist leaves Washington with a slightly tattered professional reputation to be received joyously back in the arms of her colleagues in academe having served in a glorious cause—pass the brie and chablis.

Well, it matters, at least a little. It matters because the notice given means the CEA still matters. As a CEA alum, I’m encouraged that even in this Administration the outward appearance, at least, of economic counsel matters.

It’s inside the ballpark—okay, inside the infield—but it also matters because this isn’t a typical departure. First, it follows closely on the surprise departure of Office of Management and Budget Director Peter Orszag. That’s half the senior economic advisor team (with Treasury Secretary Tim Geithner and NEC Chairman Larry Summers) jumping ship in short order. (more…)