Gene Sperling, 52, is to be named as director of the National Economic Council on Friday. It is a tactical move by President Barack Obama that will place a veteran policy and political player in the White House to work with a divided Congress. He is to replace the now dispensable Larry Summers. A new season for a new director, and the incompatibility of summer and winter is obvious.
The role gives Gene Sperling broad oversight of the administration's economic policies. Presently, the White House contends with near-double digit unemployment and looming legislative battles over the budget and deficit. His appointment comes amid a broader shake-up of Obama's senior staff as the White House ramps up the president's re-election campaign.
The confirmation of Sperling's appointment came from White House early Friday, which had been anticipated for days. Now President Barrack Obama was to announce his new post, as well as other changes to the economic team, later in the day during remarks on the economy.
December jobs report which is out Friday morning shows the nation's unemployment rate fell to 9.4 percent. It is the lowest since May 2009. Perhaps it is because more people gave up on their job searches than people found jobs. This will be one of President’s key announcements later in the day during remarks on the economy.Sperling advised President Bill Clinton and 2004 Democratic presidential nominee John Kerry and is perceived as a rare policy adviser who also has a deft touch communicating the message in a legislative and political environment. He is currently a senior counselor to Treasury Secretary Timothy Geithner.
Hope, Gene Sperling’s new role will help to accelerate the recovery and find an antidote to the still sky-high jobless numbers. Whatever the outcome, it will certainly place him at the center of a debate with economic ramifications for the country and political implications for President Obama when he seeks his re-election in 2012.
The role gives Gene Sperling broad oversight of the administration's economic policies. Presently, the White House contends with near-double digit unemployment and looming legislative battles over the budget and deficit. His appointment comes amid a broader shake-up of Obama's senior staff as the White House ramps up the president's re-election campaign.
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| Gene Sperling |
The confirmation of Sperling's appointment came from White House early Friday, which had been anticipated for days. Now President Barrack Obama was to announce his new post, as well as other changes to the economic team, later in the day during remarks on the economy.
December jobs report which is out Friday morning shows the nation's unemployment rate fell to 9.4 percent. It is the lowest since May 2009. Perhaps it is because more people gave up on their job searches than people found jobs. This will be one of President’s key announcements later in the day during remarks on the economy.Sperling advised President Bill Clinton and 2004 Democratic presidential nominee John Kerry and is perceived as a rare policy adviser who also has a deft touch communicating the message in a legislative and political environment. He is currently a senior counselor to Treasury Secretary Timothy Geithner.
Hope, Gene Sperling’s new role will help to accelerate the recovery and find an antidote to the still sky-high jobless numbers. Whatever the outcome, it will certainly place him at the center of a debate with economic ramifications for the country and political implications for President Obama when he seeks his re-election in 2012.
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