Snow Job – President Bush appoints yet another phony businessman, this time as treasury secretary. By Daniel Gross
Snow may yet prove a brilliant treasury secretary. After all, the skills required are as much diplomatic and bureaucratic as they are managerial. But his elevation to the high-profile post, and the appointment of a stand-out like Donaldson to a second-tier position like the SEC, show the relative ascendancy of the access capitalists in the Bush administration and in the Republican Party generally. That may be why the markets regard the recent appointments as one step forward, two steps back.
shakes head in disgust
This is sad, we have a President who promotes mediocrity higher than excellence. But really, who can blame him? When you are dim, you don’t wan’t to stand to close to a bright light, or people will see you for what you are.