Depends on the Definition of Commitment

by matt

President Bush Departs for Europe - Whitehouse.gov (6/9/08):
As well, I’ll talk about our nation’s commitment to a strong dollar. A strong dollar is in our nation’s interests. It is in the interests of the global economy. Our economy is large and it’s open and flexible. Our capital markets are some of the deepest and […]

Depends on the Definition of Strong

by matt

US Dollar, 1998-2007
1) Treasury Secretary Paul O’Neill (7/24/01):
The US Treasury secretary Paul O’Neill yesterday told American manufacturers worried about the strong dollar to “go back to graduate school and learn the lessons”.
2) Treasury Secretary Paul O’Neill (1/23/02):
The weight of historical evidence shows that those who have tried to fix underlying economic problems with protectionist measures […]

Depends on the Definition of Credibility

by matt

During John Snow’s tenure as Secretary of the Treasury, he proved a renewable source of material for us. In an administration where all policy is politics, and all decisions are made in the West Wing, Snow’s only job was to sell the President’s agenda to Wall Street and foreign investors.
When President Bush […]

Snow: What A Flake!

by sarabeth

I didn’t get a chance last week to comment on Tony Snow’s remarks about the results of the Connecticut Democratic primary. Quite a performance from our Tony:
Take a look at the blogs today, they’re pretty hot. And the real question for the American people to ask themselves is, do you take the war on […]

AKA a Lie

by matt

I’ll be waiting for the official spin on this one:
The courtship included an invitation to Mr. Paulson and his wife, Wendy, to lunch at the White House last month with President Hu Jintao of China, and culminated in a weekend meeting with Mr. Bush at the White House residence two Saturdays ago.
Mr. Paulson formally accepted […]

Andy Card Is Dead! Long Live Josh Bolten!

by sarabeth

Looks like Josh Bolten is going to fit right in at the top levels of the White House. The first thing he’s setting out to do is to shoot a few messengers.
Presidential press secretary Scott McClellan and Treasury Secretary John Snow could be next in a shake-up in the Bush administration, according to […]

Particularly Concerned

by matt

Reuters (3/30/06):
U.S. Treasury Secretary John Snow on Thursday warned against steps that could restrict investment in the United States that were proposed after a foreign company was approved to operate U.S. ports.”I’m particularly concerned these days about enacting policy changes that would prompt companies from other countries to scale back or pull back their investments […]

Blaming Clinton from the Top

by matt

Modern leadership apparently means blaming your predecessor:
President Bill Clinton left office in 2001 with a federal budget surplus of $127 billion. President George Bush ran a deficit of $319 billion in 2005. So who deserves more credit for fighting red ink?
No question, says Treasury Secretary John Snow: It’s his boss, Bush. Sipping a latte at […]

Who Wants to Bet?

by matt

U.S. Treasury Secretary John Snow on Monday said that:
a steadily expanding U.S. economy has reached a point where it should start generating good news about jobs.
“We’re about at a tipping point here where we’re going to see much improvement in wage rates and compensation,” Snow said during an interview on CNBC television.
A tipping point. […]

You’ll Never Pretend to Make Policy in This Town Again!

by matt

John W. Snow seems to have forgotten about the consequences of truth-telling from the Treasury Secretary perch.
Snow Concedes Economic Surge Is Not Benefiting People Equally:
Treasury Secretary John W. Snow acknowledged yesterday that the fruits of strong economic growth are not spreading equally to less educated Americans, as he and the rest of President Bush’s economic […]