As I'm sure you heard, Larry Summers, Director of the administration's National Economic Council, is returning to Harvard at the end of the year. From a political point of view, as far as I'm concerned, it's not a moment too soon. As I said in May of 2009:
One more note on Summers. I wasn't in favor of him when he was picked to be part of the administration because I thought he carried far too much political baggage. If he has value, it is not as a spokesperson for the administration. But again and again I heard that he was the only one smart enough to do this job. I don't believe that and never will, but if it's true, fine, put him in an office somewhere, let him be smart and helpful, but above all keep him out of the public eye. He does not help as a spokesman for the administration, he hurts the cause every time he opens his mouth.