The next Treasury secretary has his work cut out for him

Recent polls show many Americans believe that who President-elect Barack Obama picks as Secretary of the Treasury will be the most significant decision in terms of America’s future. The next Treasury secretary will need to oversee the $700 billion rescue plan and decide how to best use the $350 billion not yet allotted. Many names are being floated but no cabinet positions have been announced. Some feel a Treasury secretary needs to be announced sooner rather than later so they can work with current Secretary Paulson during the transition. The analysts and the media will have to wait like everyone else. The new President will not be rushed.