David Gergen

I think Bill Clinton will continue to do a lot of good in the world, and over time maybe they can even use him in some of their diplomatic efforts.

The important thing here, yes, there is a risk they will not get along. There's a risk whenever you put a group of heavyweights into the Cabinet.

They had to work through the different financial receipts for Bill Clinton to make sure that there would be no embarrassments.

They need -- they can't wait 60 days and I think they'll move.

There is a power vacuum.

Barack Obama needed to take action, they did accelerate this.

The priority at this point has to be given to picking a treasury secretary.

I think it's going to be tricky; it's going to be worked out week to week.

I think Bill Clinton has shown enormous loyalty to his wife and her professional life.

That's the test of leadership for Barack Obama. Can he make this a team that pulls together in the same direction?

I think that she's effectively out of the running for 2012. I don't think that she can challenge Barack Obama in a set of primaries in 2012.

There's another thing on Hillary. And that is they have to figure out the sub-cabinet question, too? Is she going to select all her sub-cabinet, or is the Obama team going to be able to select some of those people?

I think that the hamfistedness we have seen in Washington over the last couple of days, partly through the auto hearings, I mean, what you showed on television last night were those jets coming in and that PR disaster they had.

Again, Anderson, the Clinton financial records are pretty complex. And they not only contain names, but you've then got to do background checks and see what kind of headlines might come out of any particular, you know, donations to his…

The issue, increasingly, for the senator-elect -- president-elect is the economy.

If Hillary Clinton is the secretary of state, then it's easier to name Larry Summers to the Treasury Department

I think this now puts in a better perspective, a more positive perspective, no, they're trying to make this work.

I believe that she will be secretary of state.

I think that the hand-fistedness we have seen in Washington over the last couple of days... Americans were deeply offended by what they saw.

Somebody has to speak up soon. I think Barack Obama has to do it from behind the scenes to push Congress to at least give some sort of bridge financing to these auto-companies.

For example, I continue to believe if Hillary Clinton is Secretary of State then it's easier to name Larry Summers to the Treasury Department because a lot of the feminist objections to Larry Summers might fade into the background…

Well, I think that's right. It's again important as Gloria was suggesting, this is a jigsaw puzzle.

I believe that she will be Secretary of State. I do think pressure is on him to get a Treasury Secretary in place before Thanksgiving if he possibly can.

He cannot sit there through Thanksgiving with no action, with no signals.

He is moving very rapidly.