President Obama’s upcoming selection of a new top economic advisor could be a double-edged sword for struggling Ohio, according to noted academic economists in the state.
The replacement for Lawrence Summers could lift the Midwestern economy if Obama selects a person “who believes in open markets, in helping American companies compete in the global market,” said Wright State University economics Professor Robert Premus. He said after years of economic decline, Ohio is poised for growth as the weaker U.S. dollar strengthens American manufacturing and exports. “That’s where we’ll find our job growth.”
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