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Guggenheim Advisors senior vice president Dylan Glenn and Mo Elleithee of Hilltop Public Solutions on the next treasury secretary.
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Well thank you very much.
Well is it time for a business executive to join president Obama's cabinet.
There has been talked administration is considering appointing American Express chairman pension -- replace outgoing Treasury Secretary Geithner.
And then also considering Xerox CEO Ursula Burns -- talk secretary -- any of -- a good idea joining me now I've got former special advisor president George W.
Bush Dylan Glenn.
And he is not senior vice president Guggenheim by the way former spokesman traveling Press Secretary to the Hillary Clinton presidential campaign.
Belief that founder of Hilltop public solutions as with me as well don't let them go out of bring you both -- and thank you so much for being -- -- wanna start looking you know Ken -- what he.
Do you think say -- To the administration think pushing them into the secretary Earl.
Well you know often when the president ask.
Citizens' step up to the plate and do what they may or may not -- -- do for the present United States so I think it's hard to say whether he'll.
Be able to step away from would -- been by all accounts a great.
Tenure at American Express but I'm sure the president calls fuel -- -- -- take the call.
You know I'm not that is the question here I mean Fox News is Ed Henry has reported that that there's been several.
Conversations between Ken -- and the president about different roles including Treasury Secretary is do we need a business.
Leader in that role Obama.
Well I think.
Think it did the fact that he's in being considered if if those reports are correct it is being considered I think it shows.
That there is a seriousness to try to get the business community more involved in that.
-- in.
The economic recovery and rebound and that's a good thing and I think that's consistent with what this president.
This tragedy you up till now.
I'm not sure that a business person is the only person I could step into that role.
But I think it certainly shows a commitment this president has said repeatedly he wants to have this somewhere in the cabinet whether it's commerce or treasury or both I think that makes sense.
OK -- -- you know -- you're saying that you can that the president's on a good job of reaching out of business but that many others disagree that he has been.
More anti business model and that this is a way for him to save face basically.
What the business community bringing in somebody like -- Well I think he's repeatedly tried to bring people with good relationships with the business community into his administration.
On this last chief of staff.
Bill -- certainly had good relations with the business community he's got had a number of corporate CEOs.
Serve on various in various capacities as informal informal advisors to his administration but look at the end of the day this president and I think everyone recognizes.
This is not something that just the White House can do just congress can do it certainly not congress -- -- Right anyway at.
That that that it was got -- got it worked together and even though it was a tough campaign.
And business wasn't always within the fact that he's reaching out and saying let's work together moving forward that's about right we'll.
But Dell and I mean do you think -- he's really done do you think that is really reached out -- put people with business experience leadership roles.
It's -- -- decision in a friend of the business community for sure they they spent the better the first part of his -- demonizing Wall Street and demonizing business big business so.
I think this is -- clearly an attempt to -- from that.
That approach show which I think will be helpful to the economy if the president is indeed sincere.
Booked you know -- the reason why we've had such a slow.
Growth in the economy has been because it and uncertainty.
That Washington says put forth in terms of what the fiscal regimes going to be in tax policy and it's also -- Also I think -- we've we've had.
You know really kind of you know an administration that seemed businesses and adversary I'm hopeful that that changes because that would lead to hopefully more productive growing -- -- That's true but you know among the other name ash is then it's flooded about this -- the odds on favorite as Jack Lew who has been -- the president.
Who owns up what two years -- Citi I think he has on his right as a man mean -- Jack Lewis the guy.
What does that say about the administration's plans for the next four years in regards to the relationship with business.
Well look I don't think putting a business person in the job is the only way to demonstrate a willingness to work with the business community.
I think whether -- Jack lure where there's some names coming off the hill that I've heard floated.
I think as long as this president makes a commitment to working with everyone -- with Republicans on the hill working with the business community.
To try to get this thing moving again.
That's what's really important.
And and I'd seen some positive steps in that direction and and I seen a reasonably that's not gonna continue telling Arafat.
I agree with that I think that we're in a very critical time in the nation with respect to an economy that's very fragile I think with respect to Wall Street it means.
It's important to have the right person treasury and and I think while having someone loses its first you know like I would think that someone with deep below Wall Street finished you can finance experience could be meaningful in this period -- time that's not a slight.
-- -- -- -- It's just reality.
But you know we've had.
We've had Treasury Secretary is a come from that are industrialists we've had -- -- businesspeople so.
You know it's it's it's obviously the prisons prerogative but I think for.
The benefit of the economy I think it would give markets a lot of broad broad of -- if there was someone would be financed.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Locally it thank you but to you both for joining me appreciate it can -- conversation thank you venture well.
