Why is Orszag leaving?
I've got an article that just went up at Newsweek on Peter Orszag's tenure, so I'll hold my comments on that till my next post. First, I figured I'd say something on why I think he's leaving, but Noam Scheiber already wrote a post that reads right to me. So I'll just quote it:
As I understand it, the reason Orszag has decided to step aside now is that the upside to sticking around just wasn’t that great after he’d successfully overseen two budget cycles and helped manage a once-in-a-generation healthcare reform effort. (To say nothing of that stimulus bill …) What you have to understand about Orszag is that he’s an extremely bright guy who’s excited by intellectual, as opposed to, say, managerial, challenges.
What you have to understand about being OMB director is that it’s an incredibly taxing job — there’s a huge amount of work that has to get done in a short period of time, year in and year out. Put that together and what you had was a grueling job that Orszag found pretty exhilarating when the learning curve was steep, and which became a little less exhilarating but no less grueling once the learning curve flattened out. Between that dynamic and his impending wedding in September, which roughly coincides with the start of the new budget season, it makes perfect sense for him to hang his slide rule elsewhere.
June 22, 2010; 2:29 PM ET
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