After less than a year as chairman of the White House Council of Economic Advisers, Austan Goolsbee has decided to call it quits.
Goolsbee, who advised Obama's campaign for the Senate in 2004 and his 2008 presidential campaign, was seen as one of the administration's best communicators and his sudden departure will clearly be a loss for the White House.
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"With anemic job growth, plunging economic confidence, and no real plan to rein in the deficit, this departure is just the latest sign that the president has no answers for Americans concerned about the economy," said Brendan Buck, spokesman for Republican House of Representatives Speaker John Boehner.
In addition to the gloomy May jobs report, other data including disappointing reports on housing and manufacturing have suggested the recovery was losing momentum.
What recovery, I wonder. White House economists are dropping like flies.
Larry Summers, former director of the White House National Economic Council, stepped down at the end of last year to return to his teaching job at Harvard University.
Christina Romer, his predecessor as CEA chair, left last August, also to return to academia, and Peter Orszag resigned as White House budget director last July.
The economy is taking its toll.
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