A True Business Genius

Dubya tells a reporter yesterday that, no, John Snow isn’t leaving as Treasury Secretary.

But then later, Tony Snow (no relation) announces that John Snow is leaving and Dubya had already agreed to give the job to this Hank Paulson individual on May 20th, and when Dubya’s press secretary was asked about it, T. Snow said that he lied so he “wouldn’t upset the markets.”

Here is what happened to the Dow Jones Industrial Average and NASDAQ yesterday in spite of anything that this administration did or didn’t do; they tanked anyway!

Nice going, Dubya!

And as long as I’m on this subject, I should point out that Inquirer business writer Andrew Cassel wrote a front-page column on Henry Paulson today (as noted, the new treasury secretary). As you may expect, the paper covered this story entirely from the “wealth” perspective and totally ignored what this means to the vast majority of the people in this country (who, to this administration, continue to be invisible).

I’m sure the extensive coverage of this momentous development was the reason why “Blog Cabin” disappeared again today (it being Wednesday and all).