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
We recognize that the deficit matters, that we need to keep on a path to cut the deficit in half.
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.
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,
If it isn't dealt with, there's a real price to be paid in terms of ... confidence in the government.
Hopefully this is a low point for us, ... We simply aren't getting the railroad fixed at the rate we should.
China can quickly move forward with further liberalization of its financial services sector by allowing foreign securities firms to establish wholly owned subsidiaries, and by expanding the scope of products securities firms can offer,
I have many private conversations with Chairman Greenspan and we never reveal what we talk about. So I don't want to break my rule.
We support the strong dollar. We think the value of currencies are best set in open currency markets,
I agree with the Treasury's interpretation that dividends to shareholders and share buybacks are not permissible uses of repatriated funds, ... I am also of the view that the statutory language makes it clear that the repatriated monies are to be used for domestic job growth, not for laying off employees or settling lawsuits.
to allow market forces to set exchange rates, to let the fundamentals of the marketplace drive exchange rate changes.
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,
We will continue to look hard at the situation and try and evaluate whether or not sufficient progress is being made,
We would expect some continuing moderation in the energy market, ... But it's clear the United States has to be less dependent on supplies from abroad.
Moderation of oil prices would be very, very welcome. But overall I think we are in a position of stable growth, sustainable growth, and basically with inflation in check.