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
a lot better than current law. Sure, it's a step in the right direction. We'd like to see it go further. But it's a big step in the right direction.
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,
Well, I'm not going to review here all the candidates that are on the list, but I will attest to my admiration for Bono, ... He's somebody I admire. He does a lot of good in this world of economic development...he understands the give and take of development. He's very pragmatic, effective and idealistic.
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.
Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
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 have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
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 to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.
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.
Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
We have the deepest and most liquid capital markets in the world.
Higher energy prices act like a tax.
We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.