Posted on 05/30/2006 5:16:22 PM PDT by snugs
Today the President announced US Treasury Secretary John Snow 's resignation and nominated Henry Paulson, a top Wall Street banker to be the new US treasury secretary.
He also received the credentials of the Ambassador of Iraq to the United States Samir Sumaidaie
Enjoy your visit to Sanity Island
QUOTE OF THE DAY
President Bush Nominates Henry Paulson as Treasury Secretary
The Rose Garden
The Secretary of the Treasury has one of the most important jobs in the federal government. The Treasury Secretary is responsible for recommending and implementing policies dealing with taxes, financial markets, federal spending, trade and other issues affecting the health and competitiveness of the American economy. The Treasury Secretary oversees the minting of U.S. currency, the management of public finances, and the enforcement of important laws, including our efforts to crack down on terrorist financing. The Treasury Secretary is the leading force on my economic team and the chief spokesman for my economic policies.
For the past three years, Secretary John Snow has shown strong leadership in carrying out these responsibilities. John answered the call to public service in a time of uncertainty for our economy, and under his leadership, we have seen a broad and vigorous economic resurgence. He's been a steady advocate for small business entrepreneurs and working families, and he's helped deliver jobs and opportunity for the American people. I appreciate his years of service to our country. I wish you, John, and your family, all the very best.
When he's confirmed by the Senate, Hank will build on John's fine work. He takes this new post at a hopeful time for American businesses and workers. In the first quarter of 2006, the U.S. economy grew at an annual rate of 5.3 percent, the fastest growth in two-and-a-half years. We added 5.2 million new jobs since August of 2003. The national unemployment rate is down to 4.7 percent. Productivity is high, and that's leading to higher wages and a higher standard of living for the American people. Hourly compensation grew at an annual rate of 5.7 percent in the first quarter this year.
The American economy is powerful, productive and prosperous, and I look forward to working with Hank Paulison to keep it that way. As Treasury Secretary, Hank will be my principal advisor on the broad range of domestic and international economic issues that affect the well-being of all Americans. Hank shares my philosophy that the economy prospers when we trust the American people to save, spend and invest their money as they see fit.
I want to thank Hank for his willingness to leave one of the most rewarding jobs on Wall Street to serve the American people. Hank will follow in the footsteps of Alexander Hamilton and other distinguished Treasury Secretaries who used their talents and wisdom to strengthen our financial markets and expand the reach of the American Dream.
Hank is going to make an outstanding Secretary of the Treasury. And I call on the United States Senate to promptly confirm him.
PHOTO OF THE DAY
President Bush listens as his Treasury Secretary nominee Henry Paulson (R) makes remarks in the Rose Garden of the White House in Washington May 30, 2006
Afternoon!
.
LOL!
Thanks, snugs :)
Hello all.
Congrats to you!
Dont worry you will get it next time! :D
Congrats to you too !
10 sec rule :)
President Bush, center, walks out of the Oval Office with Treasury Secretary John Snow, left, and Henry M. Paulson Jr. to the Rose Garden of the White House to announced that Paulson will succeed Snow as Treasury Secretary. Paulson is chairman and chief executive of Goldman Sachs Group Inc.
Awww thanks! I was refreshing the screen & there it was...
O so close!:)
Oh man...
Now I feel bad. I know that PMM has been working so hard at this!
But since they're so close, maybe we tied. I think ALL of my toasters are ties. I like sharing. : D.
:)Everybody here wants a Toaster!:)
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