Obama Pick For Top Economic Post Hailed By Business For Pragmatism, Deal-Making

Gene Sperling, the Treasury official widely expected to take over as President Obama’s chief economic adviser, is the sort of figure who has been around Washington for so long that he can easily be slotted in to whatever narrative is in fash…

Gene Sperling, the Treasury official widely expected to take over as President Obama’s chief economic adviser, is the sort of figure who has been around Washington for so long that he can easily be slotted in to whatever narrative is in fashion about the times.

Following several months of sniping from corporate America that President Obama is supposedly anti-business, Sperling’s anticipated selection has raised hopes in such quarters that he signals a fresh new effort from the administration to woo business and patch up rifts.

Not lost on Wall Street is the fact that Sperling has worked there: He served as a consultant to Goldman Sachs, and in 2008 harvested sums reaching seven-figures for his work there and in delivering speeches to the highest ranks of the financial services realm.

Read More…
More on Barack Obama