'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 CNBCâs Larry Kudlow. On the Oct. 1 broadcast of âThe Call,â CNBC Washington correspondent John Harwood predicted Treasury Secretary Timothy Geithner wasnât going anywhere, but Obama would take a pro-business tack with the leadership of Department of Commerce.
However, Kudlow, citing a âdeep political insider,â had a different forecast.
âThe Commerce thing is a great idea and you're probably going to be right, but I know that you don't hear this,â Kudlow said. âBut 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.â
If true, Bloomberg is an interesting choice, but heâs 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 âThe Call,â which had been interrupted by the White Houseâs announcement that Emanuel was departing, Kudlow declared the move wasnât one that signified a pro-business moderation, as the
âThere is no change going on here,â Kudlow said. âJohn Harwood look, you had in the