'Serious Insider' Tells CNBC's Kudlow NYC Mayor Michael Bloomberg Next Treasury Secretary
With what appears to be a devastating election looming for his party, is President Obama attempting to follow in the footsteps of one of his predecessors and moderate toward the center?
Not if choosing Pete Rouse to replace chief of staff Rahm Emanuel is any indication, according to CNBC‚Äôs Larry Kudlow. On the Oct. 1 broadcast of ‚ÄúThe Call,‚ÄĚ CNBC Washington correspondent John Harwood predicted Treasury Secretary Timothy Geithner wasn‚Äôt going anywhere, but Obama would take a pro-business tack with the leadership of Department of Commerce.
However, Kudlow, citing a ‚Äúdeep political insider,‚ÄĚ had a different forecast.
‚ÄúThe Commerce thing is a great idea and you're probably going to be right, but I know that you don't hear this,‚ÄĚ Kudlow said. ‚ÄúBut I had dinner last night with a deep political insider who told me that Michael Bloomberg is the next Treasury secretary. I heard that. All I'll say is this is a serious insider who said the deal has been done and that Bloomberg is the next Treasury secretary.‚ÄĚ
If true, Bloomberg is an interesting choice, but he‚Äôs hardly a conservative. In fact, the New York mayor took a swipe at the Tea Party movement earlier in the day on WOR radio in
Earlier on ‚ÄúThe Call,‚ÄĚ which had been interrupted by the White House‚Äôs announcement that Emanuel was departing, Kudlow declared the move wasn‚Äôt one that signified a pro-business moderation, as the
‚ÄúThere is no change going on here,‚ÄĚ Kudlow said. ‚ÄúJohn Harwood look, you had in the