Christina romer

Obama loses another key economic adviser

USA TODAY

President Obama must grapple with the economy without another key adviser, given the departure of Christina Romer.

Romer, who chairs the Council of Economic Advisers, announced Thursday night that she is returning to her previous job as economics professor at the University of California at Berkeley.

Her resignation follows that of budget director Peter Orszag.

In a statement, Romer called the her White House service the “honor of a lifetime.”

“While I look forward to returning to research and teaching, the opportunity to help shape economic policy these past 20 months, and to work with the other members of the economic team and my colleagues on the CEA, is one I will always cherish,” she said.

Obama said Romer has long expressed a desire to return to California, where he son starts high school in the fall.

“Christy Romer has provided extraordinary service to me and our country during a time of economic crisis and recovery,” Obama said. “The challenges we faced demanded more of Christy than any of her predecessors, and I greatly valued and appreciated her skill, commitment and wise counsel.”

He added: “While Christy’s family commitments require that she return home, I’m gratified that she will continue to offer her insights and advice as a member of my Economic Recovery Advisory Board.”

To read more, visit: http://content.usatoday.com/communities/theoval/post/2010/08/obama-loses-another-key-economic-adviser/1

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