Obama’s Top Economic Advisor to Leave White House–
Larry Summers, who believes that higher taxes fuels job growth, will step down in 2011 after helping Barack Obama and democrats destroy the US economy.
His boss Barack Obama is the worst jobs president since the Great Depression. The Obama-Pelosi economic plan resulted in a cumulative 7.5 million jobs deficit. By every objective measure the democrat’s Trillion dollar stimulus bomb was a complete disaster.
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Barack Obama and Nancy Pelosi tripled the national deficit last year by nearly a trillion dollars – something unheard of in our nation’s history.
After an unheard of record deficit last year of $1.4 Trillion the economy is on track to experience a $1.3 Trillion deficit this year.
Instead of focusing on the economy the past two years the radicals in Washington beat up on business and rammed through an unpopular nationalized health care entitlement program.
He says he is going back to Harvard to teach students.
FOX News reported:
President Obama’s top economic adviser, Larry Summers, is leaving the White House at the end of the year, the administration announced Tuesday.
Summers will leave his post as director of the National Economic Council to return to Harvard University as a professor.
“I will miss working with the president and his team on the daily challenges of economic policymaking,” Summers said in a written statement. “I’m looking forward to returning to Harvard to teach and write about the economic fundamentals of job creation and stable finance as well as the integration of rising and developing countries into the global system.”
Summers will continue to serve as a member of Obama’s economic advisory board. Summers, who was officially “on leave” from Harvard to work at the White House, needed to return to the university within two years to preserve his tenure, Harvard spokesman John Longbrake said.