It's Recess-time Somewhere

Proud Member of the Reality-Based Sandbox

December 09, 2004

Let it Snow, Let it Snow, Let it Snow

Yesterday, Mr. Bush asked Mr. Snow to keep being the Secretary of the Treasury.

Just a few weeks ago senior administration officials said that Mr. Snow could stay as long as wants, as long as it's not very long. So, it sounds like Bush wanted to get rid of him at first.

He looked around, and couldn't find anyone else out there with that kind of training in economics and finance and stuff that would support his social security privatization plan and his lowering taxes on rich people plan. Gee, I wonder why?

...conservatives realized the remaining candidates were Wall Street
executives who might put their concern about rising budget deficits ahead
of a push for lower taxes, said Stephen Moore, president of the
conservative political action committee Club for Growth. Given their
options, they decided Snow would be the best Treasury chief to push the
partial privatization of Social Security and, especially, a restructuring
of the tax code.


Vince Farrell Jr., chairman of Victory Capital Management in New York,
said... Wall Street viewed Snow as a somewhat ponderous spokesman for
the White House's economic agenda rather than a policymaking force in
his own right


Yes! That's the kind of man we need for four more years as Treaury Secretary. It looks like loyalty over sound economic policy is much more important if you want to be the Secretary of the Tresury.

I wonder who, out of all the new Secretaries has the highest brownish-shade-of-nose to expertise-in-their-field ratio?