Who's going to be the leader of the financial world in the role of Treasury Secretary under President Obama? It may be Democratic New Jersey Gov. Jon Corzine, who has pushed for an additional economic stimulus package to the tune of $300 billion to support infrastructure projects.
CNBC's Carl Quintanilla asked Corzine outright on "Squawk Box" if he would accept a job in the Obama administration as Treasury Secretary. "If it's offered, governor, will you say no?" Quintanilla asked.
"You know, I'm not going to say never to anything," Corzine said Nov. 5.
"Squawk Box" co-host Joe Kernan encouraged Corzine to consider accepting the job if offered, even as the former U.S. senator expressed his contentment as governor. "You could save the world" as Treasury Secretary, Kernan said.
Corzine, who used to run Goldman Sachs, did talk about the economy and specifically spoke to the new jobs numbers that will be coming out Nov. 7:
I think the loss of confidence that's broadly occurred that's built on reality - of declining home values, the loss of jobs, the lost value in 401ks which are now 201ks - I think is very dangerous on the job front and that tends to be reinforcing.
Corzine focused on problems a Treasury Secretary might address:
We're going to have to restructure what we're doing in the housing market. We've got to get into the housing market. We've talked about this around here. I don't think you can do it at no loss for the financial institutions. But somehow or another in both the mortgage and in the physical housing market we've got to do something real.
Corzine also pushed for an "influx of or an inflow of resources into an infrastructure program across the country."
—Paul Detrick is a research analyst at the Business & Media Institute.





















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There is a bright spot!!!
November 5, 2008 - 15:38 ET by SouthJersey1953I knew there must be at least one bright spot in the "O" being elected....YES!!!! PLEASE!!!! Take NJ Gov. Jon Corzine as your Treasury Secretary (or any other position).
PLEASE!!! We don't want him!!!
Luke 23:34
PALIN/Jindal '12
Chairman of the National
November 5, 2008 - 18:41 ET by Eileen RightChairman of the National Transportation Safety Board?
SJ - great Garden State minds think alike
November 5, 2008 - 21:21 ET by FastEdWhen I saw the heading, I was thinking the same, BUT, so WE really want to subject the rest of the country to what we've been through? We're all in this together, and as good as seeing cortizone go back to DC, we'd be seeing the "servicing" of the country, instead of just what he's done to us, besides, you think Cody would give us a better view of the cesspool Jon has given us??
There is no sense in being stupid, if you can't prove it! - my dad V
FastEd... I thank God
November 5, 2008 - 21:27 ET by Clear thinkerFastEd...
I thank God every day for leaving NJ behind over 25 years ago. Moved South and damn glad I did! I have many relatives that still live in NJ and they all say they hate it, but for some stupid reason they never MOVE!
An Open Letter To The Secret Service/FBI
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Let me throw in another plea from NJ
November 5, 2008 - 17:12 ET by katiejaneyes, please make Corzine your Treasury Sec. He's done such a "fine" job for NJ it is only right to inflict - no I mean share- him with the rest of the nation.
Who would have thought there might be a silver lining in Obama's election afterall.
Secretary suggestions
November 5, 2008 - 18:47 ET by LionKingHow about Commerce
November 5, 2008 - 21:26 ET by FastEd- "Demolition" Ayers
- Opening prayers - Rev. Wright
- Returning as Sec of State - Powell
- Ambassador to Viet Nam - Kerry
- Ambassador to UN - Oprah
- Department of Information - (L)sm or the anchor of your choice
There is no sense in being stupid, if you can't prove it! - my dad V