Thursday, November 20, 2008


Wrapping up another horrific day on Wall Street the public is beginning to shift focus from Mrs. Clinton's impending appointment as Secretary of State, to the position that could potentially pull the country out of recession.

Attorney General, Health and Human Services, and now Homeland Security positions have all been publicized but why delay a decision on Treasury?

Treasury Secretary Hank Paulson should have been shown the door months ago but is certainly going to be out of a job come January 20th. Prior to the market sinking even further into recession, some speculated Paulson might be asked to keep his post.

President-elect Obama has delayed an announcement on this for some time but it looks as though he will be forced to speak to this issue in the coming days. An article today in Forbes reads "Wall Street wants to know what it can expect in 2009."

Front runners for the job include former Fed Chairman Paul Volcker and former Treasury Secretary Lawrence Summers.

Volcker, 81 years old, served as Fed Chair from 1979-1987 and has been a senior advisor to Obama's campaign. Summers served as Treasury Secretary for the last eighteen months of the Clinton Administration.

Is my desire to hold President-elect Obama accountable for promising a bipartisan cabinet just an act of futility?

The president must select the best candidate for the job, regardless of party affiliation.

The most qualified individual for this monstrous task, especially given the recent auto headlines from Michigan, is Governor Romney.

He has amassed a fortune of private wealth and knows better than anyone how the economy works. While he was a candidate for the nomination, his polling numbers on the economy were higher than the entire Republican field. He understands these bailouts are not long term solutions and could potentially hinder growth.

He recently wrote an Op-ed piece in The New York Times imploring Congress not to give a dime to the auto makers. He does not believe in rewarding corporate greed and severe mismanagement with government dollars.

I sincerely hope that there is a shortlist somewhere within the transition offices that includes Governor Romney's name.

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