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Robert Gibbs Stepping Down, To Become Outside Advisor To President On Re-Election Campaign

Tyler Durden's picture




 

The biggest spin master in the Obama administration, Press secretary Robert Gibbs, who obstinately had refused to answer Zero Hedge questions about the economic "recovery" in his daily tweeter sessions, has joined pretty much everybody else in dumping the titanic that is the Obama administration. There is one thing we can be sure of, however, Tim Geithner, the only man who is officially on economic retainer (yet gets about 1% the use of Goldman's Jan Hatzius when it comes to monetary and fiscal policy) will be forever by Obama's side.

From Marketwatch:

White House press secretary Robert Gibbs will leave the Obama
administration and become an outside political adviser to President
Barack Obama and his re-election campaign, the New York Times reported
Wednesday. Gibbs said he intends to leave in early February, the
newspaper reported. The White House confirmed the story.

 

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Wed, 01/05/2011 - 11:51 | 849293 Sophist Economicus
Sophist Economicus's picture

Gee, what happened to going into public service?   What happened to joining a non-profit.

Oh, I forgot, all pigs are equal, but some pigs are more equal than others....

Wed, 01/05/2011 - 12:16 | 849328 TruthInSunshine
TruthInSunshine's picture

All is good.

William Daley, a JP Morgue banking executive & former commerce secretary in the Clinton Administration (helping to speed passage of such gems as giving China MFN trade status) is set to become ObaMao's Chief-Of-Staff.

I'm sure they'll find someone as pure and 'of the people' to replace Gibbs.

What could possibly go wrong?

Wed, 01/05/2011 - 12:28 | 849421 Mr Lennon Hendrix
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Daley, the son of the Chicago mafioso mayor is replacing Summers, I thought.  Cheif of Staff would be a huge slap in the face to the American public.  More than anything it would show the people that are viewd as a lower class who is boss.  The banksters think it is they who are the boss, for anyone not in the know.

Wed, 01/05/2011 - 12:43 | 849466 unununium
unununium's picture

I've seen nothing to suggest that Obama does not agree with them, except maybe some hot air in a speech or two.

Wed, 01/05/2011 - 13:17 | 849594 TruthInSunshine
TruthInSunshine's picture

That was the last I had heard, also, LH.

Then...boom...out of nowhere:

Barack Obama approaches William Daley over chief of staff role
Wed, 01/05/2011 - 13:28 | 849631 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Instead of pretending that there is such a thing as government away from business, why not change the mission statement of America to 'Doing what is in the best interest of the banking houses.' 

For the banking houses and by the banking houses.

Give me a bank or give me death.

Ask not what your banking houses can do for you, ask what you can do for your banking houses.

Wed, 01/05/2011 - 11:56 | 849294 Ragnarok
Ragnarok's picture

Who's the next Baghdad Bob?

Wed, 01/05/2011 - 12:19 | 849393 NOTW777
NOTW777's picture

harwood from cnbc - he s already doing the job

Wed, 01/05/2011 - 11:53 | 849298 Cognitive Dissonance
Cognitive Dissonance's picture

Press secretary Robert Gibbs, who obstinately had refused to answer Zero Hedge questions about the economic "recovery" in his daily tweeter sessions......

Tyler, you pretty much just described pissing in the wind.

Wed, 01/05/2011 - 12:15 | 849377 greyghost
greyghost's picture

of all the white house operators gibbs was always the most cartoon like image on the new xtranormal type sites.....he has nothing on hanna/barbara...disney...walter luntz[?]...etc

Wed, 01/05/2011 - 11:56 | 849305 Don Birnam
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Gibbs always called to mind Peter Griffin, the "Family Guy." Heading back to Quahog, Rhode Island. "See ya' -- wouldn't wanna' be ya' !"

Wed, 01/05/2011 - 12:00 | 849322 Pants McPants
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Along those lines, Gibbs reminded me of "Piggy" from Lord of the Flies.  Not sure why, but I'd bet my bottom FRN that the guy can't climb more than 2 flights of stairs without getting winded.

Wed, 01/05/2011 - 12:44 | 849470 unununium
unununium's picture

My specs!

Wed, 01/05/2011 - 12:01 | 849307 TruthInSunshine
TruthInSunshine's picture

I hate to go off topic here, but Jim Rickards is reporting on large 'clients' of European banks, having to have their attorneys theaten banks, in order to 'liberate' their own, physical gold:

"A client of a major Swiss bank was recently refused access to his physical gold and had to hire attorneys and threaten to expose the bank publicly before finally getting it back in his own hands, according to Jim Rickards of Omnis.

“My inference is that that gold was not there,” Rickards told King World News. “The bank had to scramble, go out and find it somewhere before they could make good delivery.” "

http://www.moneynews.com/StreetTalk/...2/07/id/379238

And the speculation is reaching a boiling point that institutions selling and not delivering physical PMs have probably sold exponentionally larger amounts of PMs than they will ever be able to deliver.

Wed, 01/05/2011 - 12:04 | 849330 The Count
The Count's picture

That Moneynews link is dead.....? So fast?

Wed, 01/05/2011 - 12:05 | 849343 goldmiddelfinger
goldmiddelfinger's picture

You can say that again!

Wed, 01/05/2011 - 12:10 | 849363 schoolsout
schoolsout's picture

That news is 2-4 weeks old, me thinks

Wed, 01/05/2011 - 12:17 | 849383 TruthInSunshine
TruthInSunshine's picture

It is indeed, but it was new to me, so I figured it might be for others.

As they say, you either have physical in your possession, or you have scratch.

Wed, 01/05/2011 - 12:36 | 849445 NotApplicable
NotApplicable's picture

Personally, I can't understand people who are smart enough to own gold, but stupid enough to keep it in a bank.

It's like saying, "You know, I don't trust your funny-money criminal enterprise, but here, please safeguard my gold for me."

*facepalm*

Wed, 01/05/2011 - 14:58 | 849950 Dr. Porkchop
Dr. Porkchop's picture

Like Scotia, who made that woman with terminal Cancer come down to the main branch in Toronto, and then still tried to stonewall her until they finally relented and gave up the silver that was rightfully hers. Harvey Organ also talked about difficulty in getting a 3rd party in to audit the Scotia vault.

Sounds to me like they just don't have the goods.

Wed, 01/05/2011 - 12:04 | 849331 The Count
The Count's picture

That Moneynews link is dead.....? So fast?

Wed, 01/05/2011 - 12:03 | 849333 goldmiddelfinger
goldmiddelfinger's picture

In brokerage accounting it's called a "fail to receive". nothing to see here move along but sell gold because there's a FIRE IN THE THEATRE

Wed, 01/05/2011 - 12:14 | 849355 Pegasus Muse
Pegasus Muse's picture

James Turk reported other instances of the same thing.  A client pays a Bankster to secure/hold his silver only to find their metal is not in the vault when he asks for delivery.  BLUF:  Banksters are Criminals; don't trust Banksters. 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/8_Turk_-_Swiss_Bank_Client_Battles_Over_2_Months_For_His_Silver.html 

Wed, 01/05/2011 - 13:29 | 849636 Cash_is_Trash
Cash_is_Trash's picture

GoldMoney.com my friends. It belongs to James Turk.

Wed, 01/05/2011 - 12:38 | 849452 SheepDog-One
SheepDog-One's picture

Yesterday a local pawn shop owner was beaten to death by a customer trying to get his silver coins out of pawn and the broker couldnt produce the coins. Mad Max soon.

Wed, 01/05/2011 - 12:45 | 849475 unununium
unununium's picture

Link please.

Wed, 01/05/2011 - 11:59 | 849311 vachon
vachon's picture

With Scarboro running again get ready for Morning Gibblet.

Wed, 01/05/2011 - 12:12 | 849370 goldmiddelfinger
goldmiddelfinger's picture

would be an improvement. Small?  Yes.

Wed, 01/05/2011 - 11:58 | 849312 ranrun
ranrun's picture

The Ds are letting Obama run for re-election?

Wed, 01/05/2011 - 12:05 | 849344 Rodent Freikorps
Rodent Freikorps's picture

Zero's approval numbers are back to 50%, with 80% of Democrats approving of his job performance.

Wed, 01/05/2011 - 11:59 | 849313 RobotTrader
RobotTrader's picture

No accident that stocks are acting so strong.  Especially bank and tech stocks.

Because the Obama administration is history.

I have no idea who is going to be the next President.

But the market started discounting "change" over a year ago.

Wed, 01/05/2011 - 12:10 | 849368 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Don't get yourself twisted.  Gold pulls back, equity pulls back.  Equity has not and will not gain when gold is being tortured.  Once the Fed is done leasing their tungsten or whatever make believe reserves they have, all prices will bounce back, relative to the dollar of course.  Blythe can try to go against the grain but it is like rolling a boulder up a hill.

Wed, 01/05/2011 - 12:20 | 849391 TruthInSunshine
TruthInSunshine's picture

Replicate gold tungsten is supposedly flooding the market and making its way past traditional checks & measures, leading many to allege that only a government could produce such passable 'fool's gold.'

I won't cite anything yet, because much of this is being reported on some less than completely credible source sites.

Wed, 01/05/2011 - 12:13 | 849371 ZackAttack
ZackAttack's picture

Wouldn't it be O'Henry-ironic if the jacked market that anticipates his demise propels his popularity among the banksters and oligarchs (who, after all, are the only ones that matter), resulting in his re-election?

Wed, 01/05/2011 - 12:43 | 849453 karzai_luver
karzai_luver's picture

@robodunce

 

One of your most inspid comments and that takes some doing.

 

Check out your dearmarkets returns in the 3rd year of any admin and get back to us.

 

next preznit, you really think it matters?

What a tool you must be.

bush clinton bush bama ...........zero zero zero zero zero.

You "people" and your market anticipation really make for a good laugh.

 

 

Wed, 01/05/2011 - 13:05 | 849556 Clampit
Clampit's picture

What if the next preznit was Robert Kahre? ;-)

Wed, 01/05/2011 - 12:51 | 849491 NotApplicable
NotApplicable's picture

Who will be the next president is simple (it's been the same answer all of my life). It will be an elite puppet, vetted by Kissenger, Soros, Rockefeller, et al.

To pretend that the name of the puppet means anything is to ignore who is pulling their strings. Even the D or R designation is meaningless, as all it affects is the flavor of their rhetoric, and which direction the "center" is approached from. (that ole swinging political pendulum which empowers the forces of divide and conquer)

To believe a puppet can cut loose from their bondage, is to ignore the lesson of the "Kennedy Curse."

If by some strange turn of events a true outsider like Ron Paul does get elected, they will crash everything and blame it all on him, ensuring that he will be unable to effect positive change.

Wed, 01/05/2011 - 12:51 | 849497 Arius
Arius's picture

"I have no idea who is going to be the next President."

common Robo dont be so modest.  You must have a slight idea...here is a clue the last name starts with an "O"

Wed, 01/05/2011 - 12:01 | 849321 goldmiddelfinger
goldmiddelfinger's picture

In other words he was FIRED !

 

Wed, 01/05/2011 - 12:04 | 849340 David99
David99's picture

Noble Peace Prize?

Wed, 01/05/2011 - 12:02 | 849324 Oh regional Indian
Oh regional Indian's picture

Glib Gibbs. 

Rats, Titanic.....

For Omama's re-election campaign at that. That was a snorter.

*snort*

ORI

http://aadivaahan.wordpress.com/2011/01/05/stairwell-sigtar/

Wed, 01/05/2011 - 12:04 | 849338 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Election campaign?  What are you talkin' about.  Election campaign?  You kidden me?  Election campaign?  Obama and Gibbs better hope el jefe can finish the term.

Wed, 01/05/2011 - 12:06 | 849350 David99
David99's picture

Election campaign? 

Joke of the day

Wed, 01/05/2011 - 12:05 | 849351 Salinger
Salinger's picture

Gibbs is leaving to work on the 2012 campaign along with Axelrod

do not underestimate the outcome of the 2012 election

Wed, 01/05/2011 - 12:14 | 849376 goldmiddelfinger
goldmiddelfinger's picture

Liberal FaAIL

Wed, 01/05/2011 - 12:16 | 849385 DonnieD
DonnieD's picture

When you take 2 of your so called "key advisors" and put them to work on getting you reelected when you have 2 years left to govern, it shows you what's important. Keeping power. Nevermind doing a good job of running the country.

Wed, 01/05/2011 - 12:06 | 849354 NewThor
NewThor's picture

 

Tim Geithner? Is he that creepy curator guy from

Ghostbusters II? Or....

Is he the dude from channel 666, selling 

the Build-a-Burger soylent green pubic hair milk shakes?

Miley Cyrus should be Barack Obama's #1 economic advisor.

 

 

 

 

Wed, 01/05/2011 - 13:09 | 849570 Andrew Ryan
Andrew Ryan's picture

Geithner wishes he were Peter MacNicol aka "creepy curator guy". MacNicol would do a better job... and he's an actor.

Wed, 01/05/2011 - 12:10 | 849362 Alex Kintner
Alex Kintner's picture

The next POTUS candidate that promises "Hope and Change" will be the real deal. He won't be a liar. I just know it in my heart.

Oh f**k it. This optimism crap is for the birds. Hell, the rapture will be here before 2012 anyway.

Wed, 01/05/2011 - 12:12 | 849373 goldmiddelfinger
goldmiddelfinger's picture

if this news doesn't make gold rally nothing will

 

 

Wed, 01/05/2011 - 12:18 | 849388 dogismyth
dogismyth's picture

Bahahaha....time to bring in a hard core Nazi.  Tough times ahead.  I hope his replacement has a moustache!

Wed, 01/05/2011 - 12:23 | 849402 Trimmed Hedge
Trimmed Hedge's picture

Wow, this place is just oozing with envy....

Wed, 01/05/2011 - 12:27 | 849418 goldmiddelfinger
goldmiddelfinger's picture

I have always felt that David Axelrod (what a name!) looks strikingly like Adolf Hitler

 

Wed, 01/05/2011 - 13:00 | 849537 Rodent Freikorps
Rodent Freikorps's picture

Maybe. If Hitler was less honest and had a bigger ego.

Wed, 01/05/2011 - 12:38 | 849450 Kaiser Sousa
Kaiser Sousa's picture

off topic...but not really as it is another example of widspread lunacy...

 

"Jan. 5 (Bloomberg) -- United Auto Workers President Bob King said union members’ sacrifices allowed U.S. automakers to survive and that workers deserve to share in the industry’s new prosperity.

“All the sacrifices that our members made to turn these companies around were part of the process that’s really led to this amazing turnaround,” King said in a telephone interview yesterday. “We want our membership to share in a very meaningful way in the upside of these companies.”

where r we????

Wed, 01/05/2011 - 12:54 | 849484 Miss Expectations
Miss Expectations's picture

where r we????

Detroit.  A great metaphor for America.  Check out the foreclosures.  It can only go up from here...right?  Oh, we did cover the auto worker's pensions, did we not?

http://www.trulia.com/for_sale/Detroit,MI/#for_sale/Detroit,MI/price;a_s...

Wed, 01/05/2011 - 12:51 | 849503 digalert
digalert's picture

Is it true that Gibbs is a member of NAMBLA?

Wed, 01/05/2011 - 13:20 | 849607 Chupacabra
Chupacabra's picture

Rats off a sinking ship.  Obama's a lame duck, so why stick around for the inevitable?  He may as well double up on the golf and vacation time, and throw a few more righteous parties at the 'House while he's at it.  Whoop whoop.  Maybe he can appoint Oprah or P Diddy as some kind of "czar" before he goes.

Of course, now we'll get the Republicans again . . . and nothing will change except maybe shuffling a few more greenbacks from welfare spending to warfare spending.  The same corrupt sociopaths will still be lying through their teeth, milking the taxpayers for all they're worth, and generally running this country further into the ground.  Six of one, half dozen of the other.  I just don't understand why so many people are wedded to the whole "Republican or Democrat" false dichotomy.  Didn't somebody really smart say that the definition of insanity is doing the same thing over and over, but expecting a different result?  Welcome to the Cuckoo's Nest.

Wed, 01/05/2011 - 13:22 | 849609 Cash_is_Trash
Cash_is_Trash's picture

Gibbs was the scapegoat this time. Rahm before him, who by the way is running for Mayor of Chicago. Mayor Daley in Chicago will not run in 2011, his son will likely be appointed to the Whitehouse and the only guy that said these two wars are a disaster in AFG and IRQ Stanley McChrystal is gone.

And Obama is up for reelection!? Barry makes Bush look an economic genius!

The fascist kleptocracy at its finest!

Wed, 01/05/2011 - 13:23 | 849617 Shocker
Shocker's picture

He will be Missed

Wed, 01/05/2011 - 13:30 | 849637 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

By all fellow nerdy Alabama eggheads.

Wed, 01/05/2011 - 13:29 | 849639 Chupacabra
Chupacabra's picture

*tips a 40*

Wed, 01/05/2011 - 13:45 | 849697 Mercury
Mercury's picture

More room for Michelle's BFFs on Air Force One!

Wed, 01/05/2011 - 15:01 | 849969 trav7777
trav7777's picture

Gibbs just flat ran out of lies and could do no more in the position

Wed, 01/05/2011 - 15:31 | 850047 Bill Lumbergh
Bill Lumbergh's picture

I am going to miss Goebbels.

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