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're not going to have numbers to write home about in the first quarter, although they will show improvement, ... The first quarter will continue to have some residue from the difficulties of the fourth quarter, but nothing of the magnitude. We're starting to get our arms around it.
The deficit - the U.S. knows our deficit is too large. We are committed to bringing it down. We are bringing it down. The deficit came in for fiscal year '05 at considerably below where it was the prior year.
The deficits are modest, manageable, and will recede to zero,
You want the currency to be a good store of value, ... You want it to be something people are willing to hold.
a very important idea ... which would help deal with the whole issue of long-term sustainability of the Social Security system.
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.
I think the bubble is a gross misnomer,
I think we'll be successful with the quiet financial diplomacy,
I think we need to rise above partisan politics on this one,
I would think that next month we would see better numbers,
Hopefully this is a low point for us, ... We simply aren't getting the railroad fixed at the rate we should.
Resolving that, I think, will be very beneficial for the economy. We're already seeing it in lower energy prices,
If it isn't dealt with, there's a real price to be paid in terms of ... confidence in the government.