Not only were these presidential advisors wrong, but disastrously so. Rarely has a group failed so spectacularly. Thus, Americans should not be surprised that many of the lower levels of Obama’s National Economic Council team (Sarah Cannon, Eric Lesser, Bryan Jung, Kyle Watkins, Pascal Noel) are also abandoning the sinking Obama ship. This mass exodus of Team Obama’s economic advisors is a stunning vote of no confidence in the President’s economic policies. Obama needs to consider this: When all of your staff give up, they are telling you that there is something flawed in the current approach that doesn’t work. Personnel is policy.
Mr. Obama’s supporters certainly understand that when key staffers depart en masse, they are essentially fleeing a losing endeavor and are hoping to get out before recriminations for failure have a chance to permanently tarnish personal reputations. No one wants to be part of a losing team, and, before the stench of defeat has a chance to permanently cling, they leave.
Curiously, this is the same argument that Obama’s supporters are using to characterize the recent defections from Newt Gingrich. Yet, when it comes to finding a rationale for why the entire Obama economic team has bolted for the doors, the Administration is essentially telling us that “there is nothing to see here…just move along”.