Problem Is Obama's Vision, Not His Advisers

Caroline Baum, BloombergWith the departure of Larry Summers, President Barack Obama has lost three-quarters of his economic team and much of its heft. White House budget director Peter Orszag resigned in June.Christina Romer, chairman of the president's Council of EconomicAdvisers, left earlier this month to return to her teaching postat the University of California at Berkeley -- one job thatwasn't created or saved by her econometric modeling.Now comes Summers, who will return to Harvard Universityfor the spring 2011 semester in order to maintain his tenuredprofessorship.That leaves Treasury Secretary Tim...

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