Same Ol', Same Ol' ....
So is artfulness in dissembling.
Henry Paulson, Goldman Sachs' chairman and a major Republican fund raiser, was asked by Bush to become Secretary of the (empty) Treasury five days before Bush said he had no idea of Snow's impending resignation.
What did you expect?
Bush says Paulson has a knack for explaining complicated economic issues. Yeah, how about:
... a keen appreciation for the role the capital markets play in driving economic growth and efficiency, putting capital behind people and ideas.Yes, We can see why Bush likes Paulson: more patronizing platitudes.
I have witnessed and participated in the globalization of finance, as major economies around the world have become increasingly interdependent.
Of course, the whole world is dependent upon the U.S. economy as a major engine of its growth. And our economy's strength is rooted in the entrepreneurial spirit and the competitive zeal of the American people and in our free and open market.
It is truly a marvel, but we cannot take it for granted. We must take steps to maintain our competitive edge in the world.
As the day progressed, traders sent the Dow Jones average steadily downward, ending with a loss of 184 points.
Wall Street is not a faith-based community.