Sec. Treasury: Draft Jack Welch

Given his pathos; it seems safe to start the Timothy Geithner Death Watch.

Moving forward, after the disastrous duo of Henry Paulson and Timothy Geithner, this country desperately needs a top notch Secretary of it's Treasury.  On that note, I would nominate former General Electric (GE) Chief Executive Officer (CEO) Jack Welch.

Why is Jack Welch the Strongest Potential Candidate for Treasury Secretary?

1) His Record Inspires Confidence -- Jack Welch is, along with Andrew Carnegie, one of the best Corporate Executives in American History.  During his tenure as CEO, GE became the most valuble company in the world.  While the skillset of a wildly successful CEO doesn't translate perfectly to a Treasury Secretary, Jack Welch, on his laziest day, sure as heck knows a lot more about the Global Economy than Timothy Geithner on his most perfect day.

Furthermore, Jack Welch knows how to make other people want to follow when he leads.

2) GE's Business Stretches Across Many Business Sectors -- From Financial Services, to Manufacturing, to Defense, to the Media Jack Welch's business experience stretches across many different sectors of the American Economy.  While Jack Welch understands financial markets better than almost anyone, he's not just a Wall Street guy.  Jack Welch understands, and can explain, the relationship between financial markets and the so-called "real" economy.

3) The Obama Administration DESPERATELY Needs Business Leaders -- Right Now, the Obama Administration has exactly ZERO business leaders serving it.  That needs to change if they want any credibility.  Who fits the credibility bill better than Jack Welch?

The biggest question, of course, is why Jack Welch would accept such a thankless task?  I can't come up with a good reason.  Maybe an appeal to patriotism?

I hope this helps.

That is all.

Cahnman out.

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Comments

Perhaps you have not noticed

Perhaps you have failed to notice the great big ticking time bomb on GE's books - the untold losses from its finance activities. The very activities that Welch promoted as a mechanism for hitting his numbers every quarter - so much easier to do that with finance than with making real stuff. Even Welch isn't that impressed by Welch any more.

Immelt's Fault

In case you hadn't noticed, Jack Welch left the company eight years ago.

My vote is for Warren Buffett

Obama needs someone who a) was clearly in his corner and b) can explain economic sense to him.

I do not think Warren is supply-side enough for my personal tastes, but we are not going to get a Club for Growth style guy anywhere near this administration.  Buffett at least erases the yawning credibility deficit they have.

The problem is I dunno how you put Berkshire Hathaway in a blind trust? 

buffett would be better

if he spoke chinese.

there's a reason geithner is there.

but please, let's take away his fangs.

hell no! I will NOT have a fucking propagandist

running our TREASURY department.

Sec. of Tresuary

There are so many better choices fo Sec. of Treasury it boggles the mind that the Administration chose and Congrss approved Mr. Geither. Where is the outrage, where is the leadership, where is the "CHANGE". It lends credence to the saying, birds of a feather flock together.

TIMMAY's over and under is four months.

thank vegas.

do you read lolfed?

Vegas

Sadly I will have to take over. Did go to lolfed, good read, Thanks

if he spoke chinese. there's

if he spoke chinese.

there's a reason geithner is there.

but please, let's take away his fangs.

 Thanks

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