John W. Snow
John W. Snow
John William Snowwas the CEO of CSX Corporation, and served as the 73rd United States Secretary of the Treasury under U.S. President George W. Bush. He replaced Secretary Paul O'Neill on February 3, 2003 and was succeeded by Henry Paulson on July 3, 2006, in a move that had been anticipated. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006 that he had completed...
NationalityAmerican
ProfessionEconomist
Date of Birth2 August 1939
CountryUnited States of America
It's important that competitive balance be a part of the final outcome,
We need to get sober-minded people looking at the facts and realizing that if we wait it becomes impossible to deal with the situation,
To say we have a roadmap would be too grandiose a characterization, ... We do have a long list of things that are being worked on that we're suggesting need to be dealt with.
We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.
We're focused on doing the things that make the economy perform well, and as you do that, reduce deficits, for one, very important; secondly, keep growth rates high, very important.
We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.
We have the deepest and most liquid capital markets in the world.
Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.
You don't fix the problem until you define it.
We can afford an increase in the deficit for a year or so,
We believe that more financial flexibility is in the best interests of our shareholders and will increase the company's value over the long term,
We are seeing a tremendous outpouring of the American spirit, ... That is our indication that this program will be utilized and have a desirable effect.
What we're dealing with in Iraq are not two-and-a-half weeks of conflict, but two-and-a-half decades of misrule and mismanagement, and there's a major reconstruction product that has to go on there,