The Wall Street Journal reported that President Barack Obama is considering Ron Bloom for a new manufacturing policy post at the White House. Bloom is an architect of the auto industry bailout and special adviser for manufacturing policy.
If Bloom gets successfully appointed for this new post, he will be reporting to the director of the National Economic Council. Actually, the position has yet to be created, but the newspaper said it likely will come as Obama announces the name of the next NEC director.
No one has sat on the post since the end of Lawrence Summers’ term on Friday. It’s likely to be filled as early as this week. The responsibility of this new official would be to coordinate policies to enhance U.S. manufacturing and advise on trade, taxes and infrastructure.
Bloom’s appointment is expected to appease union and liberal activists because of his ties to labor. For over 15 years, Bloom has been advising union leader Leo Gerard, current president of United Steelworkers.
Bloom’s close rival for this position is Gene Sperling, who spent two years advising Treasury Secretary Timothy Geithner and had held a job in Former President Bill Clinton’s administration.
However, the Washington Post said that Sperling won’t be a likely choice because of his ties to Wall Street. In 2008, he was paid nearly $890,000 for a part-time position with Goldman Sachs.