Think Progress

Will Bolten and Hastert Try to Retire Treasury Secretary Snow?

Today, New York Times reporter Elisabeth Bumiller cited a “prominent Republican” who says Chief of Staff Joshua Bolten wants to replace Treasury Secretary Snow with someone who could “more forcefully communicate the administration’s message that the economy is strong”:

A prominent Republican in Washington who consults often with the White House said Mr. Bolten, who is to assume his duties next month, wants Mr. Bush to replace the Treasury secretary, John W. Snow, with someone who can more forcefully communicate the administration’s message that the economy is strong. This Republican was granted anonymity to discuss private deliberations within the administration.

Bumiller wrote a very similar article last December, but with one important difference – she named House speaker Dennis Hastert (R-IL) as the one saying that Snow needed “to be more aggressive in talking about the economy”:

The grousing about Mr. Snow was so loud that even Democratic Congressional aides were aware that the House speaker, Representative J. Dennis Hastert of Illinois, had complained to Mr. Card and Mr. Bartlett that the administration needed to be more aggressive in talking about the economy.

It seems likely that Bumiller’s source on Bolten today was Speaker Hastert, who “sealed the fate” of the first Bush Treasury Secretary Paul O’Neill. (According to Robert Novak, Bolten and Hastert get along “especially” well.) But why are they upset with Snow?

Bumiller reports it’s because conservatives want a new Treasury Secretary to “reassure financial markets, which are increasingly worried about record-high budget and trade deficits.” It makes sense that Josh Bolten — who oversaw a $1.8 trillion expansion of the national debt as OMB Director — would be particularly sensitive to this issue.



39 Responses to “Will Bolten and Hastert Try to Retire Treasury Secretary Snow?”

  1. yankeluh says:

    They need even bigger liars than they have now.


  2. Al says:

    Whatever. Right-wingers are all talk about the economy and deficits. Instead of looking for people to blame, they should try to take responsibility for themselves once in awhile…


  3. bobcat_grad says:

    $9,000,000,000,000

    That’s twelve zeroes after the nine.

    Heckuva job Bush. Glad you were able to take the budget surplus that was handed to you and add $1.8 trillion to the national debt.

    Fiscally responsible Republicans, my arse.


  4. lazy media says:

    also, it’s amazing how even new york times reporters recycle the same ol’ stories every few months


  5. Grant says:

    Nice catch Payson!

    I think the Bush administration has done a fine job of saying over and over and over that the economy is strong. What it hasn’t done is actually SHOW that the economy is strong. Saying so doesn’t make it true, Bushies.


  6. Southwest Bob says:

    Rearranging the deck chairs will not stop the SS bush/cheney from sinking in red ink. This mis-administration’s “If we say it (over and over) it must be so” has played out. Americans increasingly are acknowledging that these guys are clowns and have made a mess of America and changing the messengers will not make it different.


  7. r.me. says:

    Just another page from the All-Flash-No-Substance administration. “We don’t really have to govern, we just have to market that we’re governing.”

    Gotta love how the first person tha tneeds changing in the Bolten regime is the guy who is supposed to provide cover for Bolten’s rear-end.


  8. Jack the Commenter says:

    Hastert throwing his weight around all over town again


  9. madrino says:

    Da Nazi mongers on da good ship USS Death ‘n Destruction vant to mek dings look verry verry good indeed. Dees dunkops vill shill for de almighty Gold, Oil and Dollar (GOD) any time day kaan.


  10. Spudge_Boy says:

    Talk ab eatng the own.

    “We need more people to agree with the president.”

    How about getting smebody to scream at him and tell him the god aweful truth for a change?


  11. Drew Mackenzie says:

    In other words, it doesn’t matter if Snow is right, and it doesn’t matter if Snow is toeing the party line, but it matters if Snow is very loud about toeing the party line in a way that it makes the financial backers of Congressmen happy about how they pitch their investments.

    This isn’t about politics, this is about the distribution of wealth. This has as much to do with politics as the fight over NFL instant replay has to do with Brett Favre’s ability to win games.


  12. bigtex says:

    nice post payson


  13. bigtex says:

    payson you have been on the ball lately.


  14. wisedup says:

    start saving now for our grandchildren? Patriot act 3, MANDATORY? ‘Your grandchildren owe us, and we want it NOW’. (my head hurts again)


  15. donaldleehackle says:

    How in the name of God did you idiots ever escape the asylum? The economy is GOOD….Hell, I am between jobs now and I know it’s good. You guys need to ramp up the anti-Bush hate….you aren’t getting your message across.


  16. wisedup says:

    66% are crazy ? 34% are sane?……….ok…………………………


  17. Innocent Bystander says:

    We need someone to build bigger and better catapults. I suspect that there’s bad financial news on the horizon and this administration needs a Kaloogian at Treasury.

    Speaking of Kaloogian, the anagram is ” Look Again”


  18. skiddlybop says:

    I thought you knew. The next Treasury Secretary will be Bill O’Reilly, who will tell all the actuaries to SHUT UP SHUT UP SHUT UP, and send them to Antonin Scalia who will tell them Ba-fong-gool, like my boys in the school yard.

    There’s your CEO Administration, right there! Get ‘er done!


  19. wisedup says:

    USA.INC. “NOT”….’Help Wanted, be the POTUS!…fly around, cut wood,lip sinc a must.


  20. Zookeeper says:

    #8 – He can’t help it, he’s the Stay-Puff Marshmallow Man.


  21. Creepy Jackalope Eye says:

    Debt Held by Public:
    http://www.publicdebt.treas.gov/opd/opdpdodt.htm

    debt/gdp ratio, less than 1990’s, holding steady, decreasing trend. Bueno Arbusto.


  22. Ryan Neat says:

    “debt/gdp ratio, less than 1990’s, holding steady, decreasing trend. Bueno Arbusto.
    Comment by Creepy Jackalope Eye ”

    Don’t ever try to run a business, unless you want to destroy yourself. The debt held by the public has increased over a trillion dollars since 1997. And this time of year the money flows in at a higher rate, so your ‘decreasing trend’ is just retarded polyanna nonsense – like everything you write.

    The 3.5 trillion in ‘intra government’ debt is the borrowing against the social security surplus. It’s still debt. Your perspective is like saying your credit card debt doesn’t count as debt, because it’s covered by a different bank.

    The intragovernmental holdings are in fact publically held debt, as an IOU against future outlays.

    Your stupidity is as astounding as always. You must have done work at Enron, the ‘talent’ for numbers shows.


  23. WaltTheMan says:

    Maybe W opposes abortion because that is the only way he will ever have a shot at reducing per capita debt.


  24. progressive and proud says:

    In other words: Listen people, the rich are getting richer, why don’t you rejoice instead of complaining about your family members dying in Iraq. Good grief, don’t you see how happy a few of us are?


  25. Creepy Jackalope Eye says:

    The intragovernmental holdings are in fact publically held debt, as an IOU against future outlays.

    False and stupid.


  26. -asx- says:

    Incredibly bad audio quality. It’s almost impossible to hear the discussion.

    Don’t compress the audio so much! It’s not worth it!


  27. Ryan Neat says:

    “”The intragovernmental holdings are in fact publically held debt, as an IOU against future outlays. Ryan Neat”
    False and stupid.
    Comment by Creepy Jackalope Eye”

    I agree that your original claim was false and stupid. Considering that the intragovernment debt is money that is borrowed from inputs from taxes – it’s money the government borrowed from programs that will eventually need to be spent.

    Your ‘claim’ was definitely false, and you’re definitely stupid when it comes to money. But what should we expect from someone who’d make a claim as retarded as the one you made.


  28. Creepy Jackalope Eye says:

    …intragovernment debt is money that is borrowed from inputs from taxes…

    False and even more stupid.


  29. Ryan Neat says:

    “…intragovernment debt is money that is borrowed from inputs from taxes…
    False and even more stupid.
    Comment by Creepy Jackalope Eye ”

    You sure are. ALL Federal Money comes from taxes – you retard. Borrowing from Social Security is the biggie, and it’s money that will get paid out to baby boomers and require borrowing from other sources to replace.

    You do know what ‘debt’ is don’t you? Your command of english is horrible, and perhaps that’s why you keep making ‘false’ and ’stupid’ arguments. Stupid is as stupid does – and that must make you awful stupid.


  30. Ryan Neat says:

    Sorry Creepy, but you’re just wrong…

    Even this far from rosy scenario depends on our borrowing all the surpluses from the Social Security system, and using that additional $1.3 trillion of intra-governmental borrowing to mask the true size of the deficits.

    And you can thank the democrats for stoping the gutting of social security, otherwise the situation would be worse.

    Go read something, your ‘understanding’ of government, money and borrowing are like speaking to a grade school stupid. “Nuh Uh”, “No you’re wrong”. Yet you offer NO PROOF to refute what I’ve posted. Just you ‘opinion’, and we all know how valueless that is.


  31. Creepy Jackalope Eye says:

    ALL Federal Money comes from taxes…

    False and really phucking stupid.


  32. Ryan Neat says:

    “LL Federal Money comes from taxes…
    False and really phucking stupid.
    Comment by Creepy Jackalope Eye ”

    You sure are. What percentage of the revenues don’t come from taxes? And remember that government ‘fees’ are taxes.

    If you can’t cite a resource, you’re wrong and phucking stupid. But then I’ve repeated proven that.

    So come on, one line phucktard, post something relevant, or STFU.

    You’re OFFICIALLY DEBUNKED!


  33. WaltTheMan says:

    There was one and only one republican administration that actually reduced the national debt. Ike’s. If we hadn’t been attacked, FDR was on route to a similar situation. Clinton achieved it and if his policies been allowed to go forward, our current debt would be 3 trillion – not the 8 trillion of the current fiscal year. And by the way, around 5300 Americans who have lost their lives to Bush’s pettifoggery would still be walking our streets.


  34. Clif says:

    Walt please do confuse the blind animal imatator with facts that refute the spin he was given to spew today….


  35. WiscoDuk says:

    I think the Bush administration has done a fine job of saying over and over and over that the economy is strong. What it hasn’t done is actually SHOW that the economy is strong. Saying so doesn’t make it true, Bushies.

    Too True.

    Just because the stock market is currently inflated doesn’t mean the economy is good. Many are fooled into thinking that all is well because their 401K has made gains. (= consumer confidence) Look for a “market correction” very soon.


  36. JustJohn says:

    Sorry, a little off topis but….
    Yesterday’s google on “Impeach Bush” the hit count was 3,380,000.
    Today the same hit count is 3,670,000
    It grew 190,00 overnight!


  37. JustJohn says:

    My bad – Sorry, a little off topic but….
    Yesterday’s google on “Impeach Bush” the hit count was 3,480,000.
    Today the same hit count is 3,670,000
    It grew 190,00 overnight!



  38. where to retire taxes says:

    where to retire taxes

    Very interesting post. A little bit confusing, but still ok.



Jump to Top

About Think Progress | Contact Us | Terms of Use | Privacy Policy (off-site) | RSS | Donate
© 2005-2009 Center for American Progress Action Fund
View Most Popular

Advertisement

What We're About

Featured

image
Subscribe to the Progress Report



imageTopic Cloud


Visit Our Affiliated Sites

image image
Reports


Got a hot tip?
Have a hot news tip? We'd love to hear from you. Use the form below to send us the latest.

Name:
Email:
Tip:
(required)


imageArchives


imageBlog Roll