Summers Out?

There’s been some blog commentary lately suggesting that NEC director Larry Summers is on his way out. The argument is that there is a White House whispering campaign against him similar to that preceding the departure of WH Counsel Greg Craig. (See here.) I don’t buy it.

First, I don’t see the whispering campaign against Summers as anywhere close to that which preceded the firing of Treasury secretaries Paul O’Neill and John Snow.

Second, I agree with Jim Pethokoukis (here) that there is no one in the wings in a position to replace him. I’m willing to bet that Larry will still be on the job a year from now.

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