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There’s good news and there’s bad news. First, the good:

“White House officials expect Lawrence Summers to leave his job as the president’s National Economic Council director after November’s congressional elections, according to three people familiar with the matter.”

Now the bad:

“Administration officials are weighing whether to put a prominent corporate executive in the NEC director’s job to counter criticism that the administration is anti-business, one person familiar with White House discussions said. White House aides are also eager to name a woman to serve in a high-level position, two people said. They also are concerned about finding someone with Summers’ experience and stature, one person said.”

A “prominent corporate executive?” To “counter criticism that the administration is anti-business?” A tale of two presidents. President Franklin Roosevelt:

“We had to struggle with the old enemies of peace—business and financial monopoly, speculation, reckless banking, class antagonism, sectionalism, war profiteering….Never before in all our history have these forces been so united against one candidate as they stand today. They are unanimous in their hate for me—and I welcome their hatred.

President Barack Obama: ‘If I give them this maybe they’ll stop saying mean things about me.’

Let’s see, a prominent corporate executive with Summers’ experience and stature who’s a woman. Just convince Bob Rubin to have a sex change and you’re there.

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