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The following article was published in our article directory on November 24, 2010.
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Barack Obama Economic Team Full Collapse

Article Category: Business

Author Name: Amanda xzh

Selected in the bitter experience of defeat, Obama has been heavily criticized the government's economic team has begun to collapse, faces big shake thoroughly. In the previous four successive White House announced his resignation after the high participation, there are two senior White House economic adviser in the years to leave. So far, in just less than six months, a total of six senior economic adviser to Obama's "resign" away.

The two men are the outgoing White House Deputy Director of National Economic Council and the U.S. Treasury Assistant Secretary Farrell Barr. According to U.S. media reports, two will be the end of this year and 3 December to leave.

Farrell and Barr are Obama's economic minister of state, two are in the U.S. government action to address the financial crisis played a central role, they are signed into law by the Obama reform bill a major U.S. financial planners .

Farrell did not indicate the whereabouts of their own future, she said in a statement: "I have the opportunity to force the United States for Obama and be thankful for ... ... to the White House and the government work so good is my team honored. "

Barr's departure for the U.S. Treasury Department spokesman, said Steve Adam Trask, who is leaving for family reasons the Ministry of Finance will continue to pursue his academic career. Barr is expected to return to the University of Michigan Law School.

Previously, Obama's economic team has been a continuous loss of soldiers off to this year, the White House in July by the Secretary of Management and Budget announced his resignation Peter aure Zagreb; August 5, the White House Council of Economic Advisers Chairman Christina Romer announced his resignation; September 21, the White House National Economic Council Director Lawrence Summers confirmed to be leaving end of this year; September 22, the U.S. Treasury for financial stability, Assistant Minister, the U.S. $ 700 000 000 000 Troubled Asset Relief Program (TARP) leader Sheikh Robert Ellison also announced his resignation. Associated Press, Treasury Secretary Timothy Geithner will be the only one Obama economic adviser, a heavyweight to remain members.

Analysts believe that the White House senior economic adviser to have left the main reason Americans are dissatisfied with the administration of economic decision-making, the slow economic recovery, unemployment remains high, Obama and his economic brain trust at the recent mid-term elections become the object of attack, the ruling Democratic Party was the biggest defeat for over 60 years.

In fact, back in November 2008 Obama announced his new government's economic team list, the outside world to point out that this team is too strong academic atmosphere, the lack of practical experience is the "Achilles heel." There have been comments that the Obama economic team a big shake the use of this opportunity to re-adjust economic policy to regain popularity, will be his ability in the 2012 presidential election, the key re-elected.

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