Gregg’s Decision 'Rather Strange'

“Rather strange,” that’s how the actions of Republican Sen. Judd Gregg of New Hampshire were described on Fast Money.

As you may know Judd abruptly withdrew his nomination as commerce secretary Thursday, citing "irresolvable conflicts" with President Barack Obama's handling of the economic stimulus and 2010 census.

U.S. Transportation Secretary Ray LaHood tells Fast Money "Senator Gregg approached President Obama about becoming part of the Obama team. I think people will think it's odd that he didn't realize (being in Obama's cabinet) didn't comport with his own philosophy. People will find that strange."

"I think people should know the administration did not come after Senator Gregg. He came to them," LaHood says.

Gregg, 61, is a former New Hampshire governor who previously served in the House. He has been in the Senate since 1993 and currently serves as the top Republican on the Senate Budget Committee, where he is known as a crusader against big spending.

He was Obama's second choice to fill the Commerce portfolio.

New Mexico Gov. Bill Richardson withdrew several weeks ago in the wake of a grand jury investigation into alleged wrongdoing involving state contracts. He has not been implicated personally.

FAST MONEY // Latest Rapid Recap

Go to Main Page

Current DateTime: 11:36:00 09 Feb 2012
LinksList Documentid: 26256943

• • Home Builder Optimism Up, Industry Expert Says
  • Chart Patterns Suggest Pullback at Hand
  • UPDATE: Massive Trend Just Getting Underway in Financial Services: Finerman
  • Terranova: Beware Nuance Play On Apple Spike
  • Top Fashion Stocks for 2012
  • Pros Bullish On Visa, Even After It Hits a New High
  • Semantics Suggest Higher Bid Ahead for Illumina: Finerman
  • Premium Commanded by Whole Foods Ridiculous, or Surprisingly Modest?
  • Caesar’s IPO Might Not Be a Good Bet, Pros Say
  • Mega-Commodities Deal Puts Resource Stocks in Play

Current DateTime: 11:36:00 09 Feb 2012
LinksList Documentid: 26256941

• Super Traders Slideshow
• Daily Poll: Tell Us What You Think!
• Word On The Street

______________________________________________________
Got something to to say? Send us an e-mail at and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to .

Trader disclosure: On Feb. 12th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (CAT) Call Spread, (ENER) Call Spread, (EEM) Call Spread, (GDX) Call Spread, (GLD) Call Spread; Najarian Owns (CHK) Put Spread; Najarian Owns (FCX) & (FCX) Calls; Najarian Owns (GS) Calls; Najarian Owns (MSFT) & (MSFT) Short Calls; Najarian Owns (MS) & (MS) Short Calls; Najarian Owns (MOS) Call Spread; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (DNA) & (DNA) Call Spread; Finerman's Firm Owns (MSFT), (UNH); Finerman's Firm Is Short (IYR), (IJR), (IWM), (MDY), (SPY), (COF), (USO), (BBT); Macke Owns (RIMM), (AAPL), (MS), (TM), (SDS)

CNBC.com with wires

COMMENTS

More Comments

 

« First | « Previous

Next » | Last »

Thank you for joining our discussion. Your comment has been posted.

ADD COMMENTS

Please Sign In or Register to participate.

In order to add a comment you must click here and accept our terms and conditions.

Edit Screen Name

Please sign-in/optin or register to be able to submit comments.

Remaining characters

CNBC welcomes your contribution. Please respect our community and the integrity of its participants. CNBC reserves the right to moderate and approve your comment.

Sorry, we are no longer accepting comments.

PREVIEW COMMENT

Your comments have not been posted yet.
Please review your submission to make sure you are comfortable with your entry.

Your Comments: