Thursday, June 25, 2020

Another White House Economist Is Bailing

On Monday, it was reported that one of President Trump's top economic advisers, Kevin Hassett,  was leaving his position in the White House.

During a recent Rose Garden ceremony, Trump called on Hassett to speak. He counted on Hassett.

Hassett is an unpaid adviser but it is an odd time for him to leave with the economy a mess as a result of the lockdowns. But he is not the only senior economist leaving.

Thomas J. Philipson, acting chairman of the White House Council of Economic Advisers, will leave his post by the end of June, White House spokesman Judd Deere said in an email to the Washington Post.

“After 3 great years at CEA I am departing back to University Chicago soon that permitted an unusual extended 3 years of leave,” Philipson wrote on Twitter. “It’s been an honor and privilege to work for and with this President!”

In addition to Philipson and Hassett, those who have announced their departure from the White House in recent months, according to the Post, include: Andrew Olmem, special assistant to the president for economic policy and deputy director of the White House National Economic Council; Eric Ueland, who served as the White House director of legislative affairs and played a key role in negotiations with Congress over the stimulus; and Joe Grogan, director of the White House Domestic Policy Council.

I will allow readers to make their own guess as to what is going on but it doesn't look good.

Hug your gold coins.


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