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Obama's Top Picks for Treasury Secretary
November 05, 2008 12:48 AM
There are two top candidates for Secretary of Treasury right now, which may be one of the first appointments that President-elect Barack Obama makes.
One is Larry Summers who served as Treasury Secretary for President Clinton before becoming president of Harvard.
Also Tim Geithner, who has been central during this financial crisis. He's the president of the Federal Reserve Bank of New York. He's been talked about as a leading candidate.
One candidate who is more of a long shot is the former Federal Reserve Chairman Paul Volcker, who is a close adviser to Obama. He's likely to continue to be a top adviser but the two top candidates right now are Geithner and Summers.
--George Stephanopoulos
November 5, 2008 | Permalink | Share | User Comments (53)
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Louis Farrakhan
Posted by: Dave | Nov 5, 2008 1:07:18 AM
Hey Dave, go to hell!
Take that racism and hate with you.
Posted by: A citizen | Nov 5, 2008 1:31:06 AM
Please not Larry Summers, famous misogynist and mocker of the poor!!
Posted by: female citizen | Nov 5, 2008 1:44:08 AM
who cares?
as long as there is a DEMOCRATIC majority running this country i know they CANT do ANYTHING NEARLY AS BAD as the last 8 years of republican LIES AND CONNIVING.
START THE CONGRESSIONAL/SENATE HEARINGS FORTHWITH,WE LIBERALS SMELL STINKY DIRTY REPUBLICAN LAUNDRY...EWWWWW
AND THERE IS A LOT OF SHADY STUFF TO INVESTIGATE SO LETS GET BUSY.THANKS FOR THE INTRUSIVE HOMELAND SECURITY LAWS WE LIBERALS WILL NOW USE TO FRY YOUR POMPOUS EGOCENTRIC RACIST REPUBLICAN ASSES.
OFF WITH (ALL) THEIR HEADS , I SAY!
Posted by: bah | Nov 5, 2008 2:03:19 AM
Please, NOT another Keynesian economist like Geithner!
Posted by: Another citizen | Nov 5, 2008 2:06:12 AM
Watch all the Harvard JFK refugees from the nineties come out of hiding --- we may even see Robert Reiccccchhhhhh.
Slogan for 2012: The tax burden on Americans became so bad I had to become an expat and move to China to get tax relief!
Posted by: Living in China | Nov 5, 2008 2:10:58 AM
We have not forgotten Larry Summers' 2005 Harvard address,which claimed that by "intrinsic aptitude" women were inferior to men, which has proven not to be true. Obama, I voted for you, but disagree on your choice of Summers. Hope you think hard about putting men like him in any position of power.
Posted by: Concerned about Summers | Nov 5, 2008 2:21:02 AM
I Americans let us unite for a president that will reclaim as the world's super power status. we were on the verge of losing it.
Posted by: bisrat | Nov 5, 2008 2:22:19 AM
Can't wait to see what type of spin Fox news (espcially Hannity) puts on this tomorrow.
I can only imagine Rush and others crying voter fraud or something ridiculous.
Posted by: Teacher | Nov 5, 2008 2:24:13 AM
Hey Living in China,
"Slogan for 2012: The tax burden on Americans became so bad I had to become an expat and move to China to get tax relief!"
Stay in China. Don't bother coming back. We don't need you or want 'unAmericans' like you. You've got an attitude that will only impede your progress toward personal development. Too bad.
Posted by: Dave DS | Nov 5, 2008 2:35:57 AM
I think Warren Buffet may also be a likely candidate for Treasury. I think Senator Richard Lugar (R-Indiana) will be our next Secretary of State.
Posted by: Gabriel | Nov 5, 2008 2:37:45 AM
The sad and pathetic part of these comments is that the radicals on this board from both parties didn't listen to a word the new President said. Republicans-Obama won, the country is a mess, let's rebuild it together. Democrats-the Republicans spent 8 years tearing up the Democrats, look where it got the GOP. Obama won, McCain and he are going to work together, its time for the party slamming to stop.
Posted by: republicaninbmore | Nov 5, 2008 2:55:52 AM
re: Larry Summers: ".... why there were more men than women in high-end science and engineering positions.He suggested one such possible reason could be men's higher variance in relevant innate abilities or innate preference."
I DON'T THINK SO!
Posted by: Wisdom | Nov 5, 2008 3:01:59 AM
How refreshing to think that appointmnents will be based on knowledge and competency and not on political ties. Thank God that America will finally change direction and try to regain its place in the world as a beacon of hope and excellence.
Posted by: Steve from Danville | Nov 5, 2008 3:19:13 AM
I know tonight is an emotional time. I am still up trying to come to terms with an Obama Presidency. However, its not a time to be name-calling like 3rd graders. Bush wasn't a Republican in the way he governed...he allowed government to grow too large. The party name has suffered for it. Now we have Democratic control and like it or not, the people have spoken. I hope they do well though I disagree with them. If they don't do well, the first chance to communicate that will be in 2010. 2012 will offer the chance to change the White House back. Until then, I am hoping Obama does a better job of uniting than Presidents of the past 20 years have done. I don't agree with him but I must respect the Presidency. I was so angered by Democrats who refused to respect Bush when disagreeing with him. I will not be a hypocrit and do the same by disrespecting Obama. Where I can agree with him, I will support him. Where I cannot I will respectfully disagree. We have to be bigger than the disrespectful tone that is on this board. Don't respond with emotion. Let's be of sound mind and act like adults.
Posted by: Conservative | Nov 5, 2008 3:23:17 AM
we also need an investigation into corupt biased media over the last eaight years. espeshly fox news
Posted by: bernard | Nov 5, 2008 4:05:48 AM
Ever heard of the Jesuits,agents of one World Government,propellers of Daniels prophecy in the Holy Bible,the scrum Half is all the same -Federal reserve powerful cronies doing the damage of the humanity with hot links to RothSchild and Rockfellers.Organised in lethal groups such as illuminati,club of Rome,masonic lodge,bilderbergers.Do you know what happened to president Harrison ,president John F.Kennedy,the failed assasination of Ronald Reagan.Its time the new American LEADERSHIP stay away from the ''agents of Satan ''.Be aware ,unless its the same Evil FORCE!.It may sound farfetched but this is real.Revelation 13,alligned to fulfillment(Tribulations).May God remember us!
Posted by: reeeg | Nov 5, 2008 4:12:01 AM
Congratulation America!...the last time the rest of the world joined you was in mourning 9-11...now we are with you again in celebration for taking the high road in this election and choosing the right man as your President.
Posted by: John G | Nov 5, 2008 4:23:32 AM
Well ... the US have (again) done something to be genuinely proud of.
Apart from electing the candidate who has the better policies, they elected a Black candidate, thereby underlining that, whatever its faults the US *will* provide opportunities for those who are up to it.
What would the chances be of a Black candidate being elected President of France eh? Or Chancellor of Germany?
This is precisely why the US leads the Western world.
Posted by: Golodh | Nov 5, 2008 4:29:54 AM
Sorry to burst your bubble folks, but both Obama and McCain are controlled by the same people, the global elites and world bankers. So you will see the same result which is the destruction of the Constitution and American sovereignty and a globally run economy. Your real wages will continue to drop and inflation and taxes will increase to a point where your standard of living is barely above poverty. Meanwhile the big brother control grid will be deployed with cameras on every street corner as in NY and the UK. And Obama's 4 million strong youth brigade will be patrolling the streets along side your military to seek and destroy "terrorists". These terrorists are anyone who dissents from government policy which could be you. Your Constitutional rights will be eliminated. The bankers will continue to fleece you like they did with the bail out scam. The drug makers will continue to poison you but this time with immunity from lawsuits. They will be brewing up all sorts of concoctions to be injected into your bodies. The government will mandate that you be injected with these deadly vaccines. And lest not forget the government will force you to live a certain lifestyle tailored to their wants and needs. You will have more freedoms. Everything will be a privilege granted to you including the right to travel freely within the U.S. Your right to breathe will be taxed via the carbon credit scam. That will be your life in America folks, being nothing but a minion slave to the corporate elites, which is not a whole lot different than it is now.
Posted by: Felicity | Nov 5, 2008 4:30:39 AM
Let me correct a typo in my last post. You will have NO more freedoms. You will be granted privileges by your government. It will be a permission based society not too different than it is now.
Posted by: Felicity | Nov 5, 2008 4:35:37 AM
All the way from Singapore and a Singaporean myself:
Congratulations to the newly-appointed elected President Obama Barack.
Posted by: Hisam Hasim | Nov 5, 2008 4:40:25 AM
Let's hope Obama opens up the investigation of 9/11 so they can bring Bush and Cheney to justice before they leave the country. For those who have been asleep the last 7 years, 9/11 was an inside job false flag attack. Google "False Flag 9/11" if you don't know what that is.
Posted by: Robert | Nov 5, 2008 4:41:57 AM
Congratulations America Kho is a pseudo for the purpose of supporting American democratic system and has been writing from Africa. Congratulations
Posted by: kho lee | Nov 5, 2008 4:46:19 AM
Perhaps I'm wrong, (and my vote and expectations today tend to indicate the possibility), but I don't think the Obama presidency will be flush with old Clintonistas. I think they will be shut out completely. I'm thinking lots of big ivy league brains from the academe. I would advise Pres.-elect Obama to make a clean break with Chicago and turn to new and capable men and women with no baggage or links to the Chicago machine. Cut the strings immediately or it will get quite messy right away. It will be very interesting and I'm counting on unexpected decisions. (I vote for Summers. Krugman would be a hoot). Pass the popcorn.
Posted by: XXXKarenXXX | Nov 5, 2008 5:15:45 AM
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