November 21st, 2008
07:49 PM ET

Evening Buzz: Clinton, Geithner, Richardson headed to Obama’s cabinet?

Cate Vojdik
AC360° Writer

From stocking his cabinet to choosing a new school for his young daughters, President-elect Obama has a lot on his plate. We have news on both fronts.

First, the cabinet drama. Reports surfaced that Obama plans to nominate New York Federal Reserve President Timothy Geithner to serve as Treasury Secretary. Stocks rallied, the Dow surging more than 500 points after two days of devastating losses.

Meantime, the will-she-or-won’t-she cliffhanger with Hillary Clinton in the starring role seems to be inching forward. Clinton’s aides say the New York Senator is on track to be nominated for Secretary of State but also insist there are no new developments to report. The New York Times is reporting that Clinton will accept the position.

We also got a glimpse of what Bill Richardson’s consolation prize might be. The New Mexico governor is said to be a “serious contender” for commerce secretary, though sources caution that he could be tapped for a different post as well. None of these is a done deal, but the speculation is that Obama could make an announcement on one of these key positions this next week, before Thanksgiving.

Tonight we’ll spend a lot of time dissecting these developments and examining what the potential nominees would bring to the table.

We’ll also spend a chunk of time on the economy. It’s now clear the recession is deeper than anyone expected. The intersection of the financial crisis and a lame duck president is a perfect storm of sorts, at least that’s what a lot of people who know about these things seem to be saying. Suze Orman joins us tonight to talk about how to cushion your finances in these uncertain times. She’ll be taking your calls. In the meantime, we’re interested in hearing about your top concerns when it comes to your family’s finances. Are you actively cutting back on shopping? Have you tightened the belt on your budget? Will your holiday shopping be more frugal?

Also ahead tonight, Sasha and Malia Obama’s new school. The search is over. We’ll tell you where they’re headed.

See you at 10 p.m. eastern.

Filed under: Cate Vojdik • Raw Politics
soundoff (13 Responses)
  1. Joanne, Solvay, NY

    As a NYer, I admire President elect Obama for his high-level, high performance appointees. However, Clinton and Geithner were assets for New York State.

    November 22, 2008 at 4:32 pm |
  2. Martin Willems

    Dear Mr. Cooper,
    On your Friday evening, 360 report, you interviewed a number of people who were in favor of Sen. Hillary Clinton assuming the secretary of state position. I totally disagree with Mrs. Clinton even being offered this job based on her lack of ethics. The following three examples demonstrate that she is a crook and a liar.
    A. Marc Rich's socialite ex-wife donated $70,000 to Hillary Clinton's 2000 Senate campaign and $450,000 to the Clinton presidential library fund. She also lobbied heavily for Marc's pardon (1). How did Mr. Clinton justify accepting Denise Rich’s contributions as it appears to be a direct quid pro quo exchange for her ex-husband's pardon by Bill in 2001? Marc was living in Switzerland at the time to avoid paying $48 million in US back taxes. Denise Rich also raised and donated more than $1 million (including the above) to the Democratic Party in years before 01 and also provided the Clintons directly with $10,000 contribution to their legal defense fund and $7,300 worth of furniture.(2) (1) Per Time Magazine, 2/13/01. (2)Per World Net Dailey 2/5/01
    B. How could Mrs. Clinton justify allowing Jim Guy Tucker and Susan McDougal to go to jail for the Arkansas Whitewater project debacle, while she and Bill were as deep into as they were?
    C. This spring, when she was running against Obama for the Democratic nomination, she bragged that she had more individual votes than Obama. She included the votes from the Florida and Michigan primaries. Per Mrs. Clinton, Obama, the other Democratic presidential candidates, and the DNC, these votes did not count because the primaries were held illegally (Obama was not even listed on the Michigan ballot).
    We don’t want an unethical person, in this important & visible job as secretary of state. Gov. Bill Richardson, D-NM, would do a much better job in this position, based on his experience, honesty and wisdom.
    Martin Willems, Van Buren, Arkansas
    Democrat, taxpayer, and US citizen

    November 22, 2008 at 4:29 pm |
  3. PT6

    This is a CRISIS and Obama has to have a team of experienced professionals who know how to get ahead of this before it further damages AMERICA and the world!

    I still see the Middle Class as Obama's central Focus and we will not see a Wall Street Centered Administration, so "TRICKLE DOWN" is gone and "Bottom Up" is here.

    The Best way to handle Wall Street is to REGULATE it to restore Confidence. Throwing money at Wall Street has not worked as they have used much of it to pay bonuses and dividends!

    Helping people remain in their homes, regaining jobs, healthcare reform and coverage, exiting Iraq, and Green Energy are still his primary goals.

    November 22, 2008 at 4:25 pm |
  4. Kiah

    Sorry I'm off topic. Here the answer to the auto bailout the big thre can sell there company to the country for the money their asking for then the Presidential and Congress and the Senate can put a Board in place to run the big three.And for the next 10 year the states with the high percentage of americans that buy american made car get a small percentage of money from the car company. That a two for one solution talk about thinking out the box. The Ceo can keep their jet and we the people won't be mad at them.

    November 22, 2008 at 3:50 pm |
  5. Gene Penszynski from Vermont

    It is so VERY refreshing and INSPIRING to know we will have an intelligent , knowlesgable leader back in the White House as President once again after eight very very very long years of stupidity and ignorance.

    This is underscored by the choices our new president is making in the selection of his cabinet.

    There is truly hope for our nation and the whole world once again.

    November 22, 2008 at 12:56 pm |
  6. SmoothCat

    Want to fix the economy?
    Obama's team could make a website for construction and other trade jobs immediately. Get as many signed up as possible. Do background checks and give them jobs as state or federal workers, depending on the project. Give large tax breaks to companies that hire more people before Febuary of 2009. Hope these ideas help.

    November 22, 2008 at 12:43 pm |
  7. Andrew

    I was really hoping President-Elect Obama would put Hilary in his cabinet(was hoping for vice president but VP-Elect Biden is an honorable man and he may run his mouth but he is genuinely a caring person and I believe will do what ever he can to make this country better. We don't have enough politicians that have that quality). President-Elect Obama's cabinet is looking strong. People say that his cabinet is full of President Clinton's old cabinet members. Well if you are looking for cabinet members for a democratic party that have a lot of experience when it comes to the White House and running the country you don't have to many options. President Clinton was the last Democratic President since President Carter and most of President Carter's members are no longer with us. I believe in President-Elect Obama and I believe in OUR country. If you are still sour over the election its time to get over and get behind your President! If you ever for one year like I did believed in President George W. Bush(and watch him completely destroy foreign policy and Our reputation amoung other things. It wouldn't kill you to Believe or at least Hope that President-Elect Obama will help make this Country even Greater then it already is.

    November 22, 2008 at 12:19 pm |
  8. Tom

    It will be an interesting four years. Although Obama says he will bring "change" to the White House, he is bringing in people who worked in past administrations. Not necessarily bad or wrong because with his inexperience but new views/thoughts he can develop a well-rounded presidential team.
    I'm pretty much stuck in the middle about how Mr. Obama will do. As with the rest of the military I will do what is expected of me from the President despite how I feel.

    November 22, 2008 at 8:16 am |
  9. Adriana RM Marietta, Ga

    Now that an important part has been taken care of. Lets get tto the rest of the work we need to do. As a mom with four kids, I always work better when my kids are settled.

    November 21, 2008 at 9:02 pm |
  10. Annie Kate

    I'm glad that Obama is getting his team together. We all need something positive to think about instead of the dismal economic news. Even if Bush wasn't a lame duck president I doubt he would do anything effective; if he would then he could still do it and I wish he would. Every day we delay just means it gets worse and will last longer.

    We've tightened out belts; we already had anyway so there isn't much else to squeeze out. My concern right now is that in reporting the economy and analyzing it in half a dozen ways only keeps it at the forefront of people's mind and helps the confidence level stay low and get lower. It turns into a self fulfilling prophecy at some point.

    Annie Kate
    Birmingham AL

    November 21, 2008 at 8:46 pm |
  11. Kathy, Chicago

    I'd have to say that my top concern about the economy would be if my twins will be able to get jobs this year. They graduate this spring. Along those lines, we will be disappointing retailers this year also. We're giving the kids money towards their Spring Break trip. I have been helping the local food bank, and I plan to continue through the winter. So Richardson may get a cabinet post. We'll have Judus and Jesus at the table together with Hillary as well. Should be interesting! Have a great week-end.

    November 21, 2008 at 8:11 pm |
  12. Joanne in Ontario Canada

    Obama and Clinton had better leave free trade and Canada well enough alone. We are doing much better than the U.S. right now in terms of the economy and we would like things to remain that way.

    November 21, 2008 at 7:57 pm |
  13. Joanne in Ontario Canada

    Powerfull choices,no worries Obama knows exactly what he is doing!!!!!

    November 21, 2008 at 7:45 pm |