In a move that should spurprise no one, William Daley is leaving his post as Obama’s Chief of Staff:

President Obama announced Monday that the White House chief of staff, William M. Daley, was stepping down, jolting the top ranks of his administration less than a year before he faces a difficult re-election. Mr. Daley will be replaced by Jacob J. Lew, the budget director and a seasoned Washington insider with ties to Capitol Hill.

Mr. Daley, a fellow Chicagoan who was recruited by Mr. Obama a year ago to help strike bipartisan legislative deals, struggled to find his footing in a ferociously partisan Washington and failed to help his boss broker a huge budget agreement with Congressional Republicans last summer. His departure interrupts a run of good news for the White House, with tentative signs of life in the job market, victory over Republicans on the payroll tax and Republican presidential candidates assailing one another on the campaign trail.

This was inevitable once much of his duties were pulled a few months back.

Basically, he was incompetent, and he got Harry “Milquetoast” Reid to hate his guts, which appears to be a fairly tough thing to do.

Of course, the masters of the universe in finance must be reassured at all cost, as when Daley (JP Morgan Chase), replaced Emanuel (Fanny Mae), he will be replaced by Jacob Lew (Citigroup).

Lew made a lot of money betting against the housing market for Citi, so we can expect more ass-kissing directed Wall Street’s way.

If this is an attempt to reshuffle his organization and political posture for the upcoming election, he’s firing blanks.

If Obama really wants to win the election, he needs to start prosecuting the banksters, starting with Robert Rubin.

He’s carry more than 40 states if he did that.