As Economy Stumbles, Obama's Economic Team Quits: "After nearly two years in office, the “first rate” economic team that President Obama assembled to turn things around – Peter Orszag, Christina Romer, Larry Summers and Timothy Giethner – has itself nearly turned over.
His E-team of “brainy” economists, as ABC’s Claire Shipman called one of them, went to work even before Obama took office, ultimately crafting a massive stimulus plan that they said would create millions of jobs. The media regarded them highly, giving them plenty of live interview time and constantly pushing their economic ideas.
ABC’s Diane Sawyer called them “economic gladiators” in late 2008, as Obama was assembling his team. The networks also gave Obama’s picks, especially Geithner’s appointment, credit for a huge stock market rally."
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