Friday, January 7, 2011

Clinton confidant is Obama's economic advisor

President Obama has taken the next important post in his new team: Gene Sperling will succeed Lawrence Summers economic advisers. He was already a trusted friend in the tenure of Bill Clinton. Washington - Barack Obama will appoint the 52-year-old sparrow post as director of the National Economic Council (NEC) is still officially on Friday.

The lawyer and economist, had held the post already in the nineties under President Bill Clinton. Sperling is a moderate Democrat, as applicable, replacing Lawrence Summers, the beginning of 2009 the important Konkunkturpaket drew up the first weeks of the Obama presidency. Summers had explained in last summer's withdrawal: he wanted to devote himself to the teaching again.


Sperling also will be faced with the consequences of the financial and economic crisis, especially with the persistently high unemployment. Sperling discussed last Finance Minister Timothy Geithner. He is considered the architect of the beginning of December with the support of Republicans approved tax compromise.

This indeed came from the democratic left to criticism, but the capacity of the government after the midterm elections proved that the Democrats had introduced a significant defeat. The National Economic Council coordinates the economic policy to be crucial for the further Obama's political fate is.

Earlier, the President had already appointed the JPMorgan Chase-manager William Daley to his chief of staff. Daley was not yet on the Obama's closest advisers, but it brings a lot of experience in business. Experts believe that the economy of Daley's choice to get more influence in government.

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