ping
Entirely likely. Obama HAS to keep the Fed from becoming the focus of an outside audit. If it was, the auditors would find massive massive debt it is hiding. Much of the debt is exacerbated by the fact that the Fed is causing over 1 Trillion per year to be used to purchase T-Bills and NSYE stocks at the tune of 85 billion per month. All fake, all electronic, and all scrip - worthless unbacked promises.
The problem with this is in some quarters, particularly overseas, this will be viewed as a demotion. Most places the head of the central bank works for the secretary of the treasury.
So Kudlow is saying a guy completely unqualified will take a job viewed a step below his? As an aside when the similarly qualified G. William Miller was booted from the FED, he was given the secretary of the treasury so that the press could pretend he was promoted. Miller was similarly unqualified as Geithner is.
Now the incestuous daisy chain is complete.
Obama is just Recycling his Friends again