Earlier this year, I wrote a post titled "Yes, Larry Summers is Leaving" about why I thought Summers would not be long for this administration. Some folks in a large white building nearby were very unhappy and insisted I was wrong. Now Bloomberg is reporting that Summers is, in fact, leaving. Here's what I wrote:
One angle in my recent profile of Tim Geithner concerned his relationship with Larry Summers, his former mentor and the director of the National Economic Council. I contend that Geithner, not Summers, has emerged as Obama's key adviser on financial matters, and that Summers isn't happy about it. (Not everybody was convinced.) Since my piece appeared, the buzz that Summers is looking to leave--or is being pushed out--has picked up. Earlier today, my colleague Marc Ambinder wrote about this, defending Summers against his critics while leaving open the possibility that he may, indeed, leave. My own view is a bit less sanguine. I think Summers is going to leave sooner rather than later, possibly before the mid-term elections, and if not then, soon afterward.