New Treasury Secretary

Flash

From USA TODAY:


President Bush recast his economic policy team Monday, naming CSX railroad Chairman John Snow his new secretary of the Treasury.

If confirmed by the Senate, Snow will succeed Paul O'Neill, who was ousted Friday along with chief economic adviser Lawrence Lindsey amid White House concern that the economic recovery is too slow and the public is impatient.

Bush needs a strengthened economy to launch his campaign for re-election in 2004. He is intent on showing that, while preparing for a possible war with Iraq, he is equally focused on repairing a struggling economy. The nation's jobless rate unexpectedly rose to 6% last month.

MrKelso

And how well is the rail road doing i wonder?

CLASSICS

<< <i>And how well is the rail road doing i wonder? >>

.....didnt most of the railroad companies go bankrupt, give him a chance and time will tell.

truthteller

Oh boy, let's have georgie porgie start a war to strengthen our economy. Right up there with stupid pet tricks.

TRUTH

FatMan

When it comes to the economy - The Pres and the Treasury Sec are over rated. Alan G and all his gang at the Fed hold all the power.

It would be nice to know Snow's views on new coin designs. He does hold firm power on those decisions.

EVillageProwler

The problems of the railroad industry in the country has nothing to do with poor management, IMO. I believe it is a natural result of the changing of the times and the advent of the airplane in the commercial sector.

What is more interesting to me is the #1 rumored successor to Larry Lindsey: Steve Friedman, ex-CEO of Goldman Sachs.

EVP