WASHINGTON-- The problem with the administration's approach to economic policy is highlighted, unwittingly, by the White House's tack in finding a replacement for Larry Summers, who will leave by year-end as director of the National Economic Council. He will return to Harvard, where he has been on leave.
The Obama team let it be understood that, ideally, they would like to replace Mr. Summers with someone, preferably a woman, from the business community-an appointment that they hope might dispel the impression that this administration is anti-business, which it believes it is not.
Instead of tapping someone for the sake of appearances, the president would be wiser to seek a business executive who can steer administration policy and the country away from the ongoing economic morass. Both women and men would be grateful.
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