I heartily doubt that President Obama's purported nominee for Commerce, Senator Judd Gregg (Republican of New Hampshire) is being named out of respect for his abilities. I suspect that he is being listed as a cover, since New Hampshire has a Democrat governor. If Gregg is named and accepts (and is confirmed), then the Democrats will likely have a filibuster-proof Senate, since a Democrat will be named to replace the Senator as he vacates his office.
[Edit: Sen. Gregg has stated that he would not consider the nomination if it might tip the balance of power in the Senate.]
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