Rahm Emanuel headed back to Chicago?
Beware the soothsayers who know the exact day and hour when the trumpets shall sound and Rahm Emanuel, the White House chief of staff, announces his resignation. First, Emanuel has said, repeatedly, that he’s told President Obama that his shelf life is about two years. … But Obama has no interest in seeing Emanuel depart, and Emanuel will probably stay at least long enough to oversee other staff departures and additions. Turnover at that point is normal. It’s safe to say that a chunk of the economic policy team will be keen in moving on, as efforts shift from crisis mitigation to building a new economic foundation.
Me: When I was on The McLaughlin Group a couple of weeks back, I was asked to come up with a prediction ahead of time. But the segment went a different direction, and I didn’t get to use it. My prediction was going to concern a coming shakeup in the WH economic team. But really, that is not hard to predict. There is the burnout factor, of course. And neither Christie Romer nor Austan Goolsbee — to take two names — are creatures of Washington and sure don’t seem like they would become DC lifers. It would be a bit early for Tim Geithner to leave — Treasury secretaries usually stick for at least two years — but who knows? There are also plenty of rumors about budget chief Peter Orszag being a short timer, perhaps to be replaced by Gene Sperling, currently at Treasury. And Larry Summers — well, he deserves a blog post of his own.