BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

Summers Vs Volcker

Market Movers

by Felix Salmon
Main
Why Live Nation Shouldn't Merge With Ticketmaster   Sachs's Nationalization Idea

Recent Blog Posts

Links

Feb 05 2009 10:05am EDT

Summers vs Volcker

I didn't like the idea of appointing Larry Summers to be Treasury secretary, largely because he's bad at politics. And given his jealous and petty spat with Paul Volcker now that he's running the National Economic Council, the decision to deny Summers the Treasury job looks even better:

Volcker, 81, blames Obama's National Economic Council Director Lawrence Summers for slowing down the effort to organize the panel of outside advisers, the people said. 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, they said.

Are we already running into a too-many-cooks problem in the Obama economic team? Having lots of smart people on board is only going to work if they can play nice with each other, and be, well, collegial. The former president of Harvard should be able to work that one out.

. □

Comments

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.


Connect With Portfolio.com
Like Portfolio on Facebook

Come on, like us—you know you want to.

Follow Portfolio on Twitter

Follow us and if you're an innovative entrepreneur, we'll return the favor.

The Mix

Today's top stories, conversation starters, and the back nine business bites.

spotlight on

People & Ideas

Whisky To-Go-Go

Now there's a company that let's you taste your knowledge of fine blended Scotches by mixing a whisky of your own. Read More