Paulson Nominated as Next Treasury Secretary
John Snow resigned and President Bush nominated Goldman Sachs CEO Henry Paulson as the new Treasury Secretary.
Snow has been the most quiet, least public Treasury Secretaries in modern times. Today, President Bush said, the Treasury Secretary is the "chief spokesman for my economic policies." Snow's lack of exposure (whether his fault or the White House's) made him a failure. The economy isn't in recession yet a malaise infest the public's attitude toward it.
Being a long-time Wall Street veteran Paulson will have the investment community's ear. Whether that will translate into getting President Bush more credit for the economy will have to be seen.
The AP has already jumped on Paulson's environmental work. He is chairman of The Nature Conservancy. Unlike most environmental groups it uses donated money to buy land and use rights for protection. They take advantage of the power of private property rights.
"President Bush Nominates Henry Paulson as Treasury Secretary"
"Bush taps Paulson for Treasury Secretary"
"Goldman Sachs Chair Paulson Replacing Snow at Treasury"
UPDATE: Wonkette is occasionally funny. "Paulson: does he have a cold or does he always talk like "Macho Man" Randy Savage?"