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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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....

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?

Mr Lennon Hendrix's picture

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.

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.

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.

Ragnarok's picture

Who's the next Baghdad Bob?

NOTW777's picture

harwood from cnbc - he s already doing the job

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.

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/ luntz[?]...etc

Don Birnam's picture

Gibbs always called to mind Peter Griffin, the "Family Guy." Heading back to Quahog, Rhode Island. "See ya' -- wouldn't wanna' be ya' !"

Pants McPants's picture

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.

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.” "

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.

The Count's picture

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

schoolsout's picture

That news is 2-4 weeks old, me thinks

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.

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."


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.

The Count's picture

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

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

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. 

Cash_is_Trash's picture my friends. It belongs to James Turk.

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.

vachon's picture

With Scarboro running again get ready for Morning Gibblet.

goldmiddelfinger's picture

would be an improvement. Small?  Yes.

ranrun's picture

The Ds are letting Obama run for re-election?

Rodent Freikorps's picture

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

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.

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.

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.

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?

karzai_luver's picture



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.

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



Clampit's picture

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

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.

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 is a clue the last name starts with an "O"

goldmiddelfinger's picture

In other words he was FIRED !


Oh regional Indian's picture

Glib Gibbs. 

Rats, Titanic.....

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



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.

David99's picture

Election campaign? 

Joke of the day

Salinger's picture

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

do not underestimate the outcome of the 2012 election

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.

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.