Top John W. Snow Quotes - Quotesmemo.com

John W. Snow Biography

John William Snow (born August 2, 1939) is the former CEO of CSX Corporation, and served as the 73rd United States Secretary of the Treasury under U.S. President George W. Bush. He replaced Secretary Paul O'Neill on February 3, 2003 and was succeeded by Henry Paulson on July 3, 2006, in a move that had been anticipated. Snow submitted a letter of resignation on May 30, 2006, effective "after an orderly transition period for my successor." Snow announced on June 29, 2006 that he had completed his last day on the job; Robert Kimmitt served as acting secretary until Paulson was sworn in.

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John W. Snow Quotes

Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.

Congratulations, Income, Lots, Mean, Rates, Success

And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.

Barriers, Growth, Partners, Remove, Steps, Urgency

I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.

Long, Obligation, Reform, Social, Sustainable, Thinking

We have the deepest and most liquid capital markets in the world.

Capital, Deepest, Liquid, World

Well, there's no doubt about the fact that, that higher energy prices lead to greater conservation, greater energy efficiency, and they also, of course, play a useful role on the supply side.

Course, Doubt, Efficiency, Energy, Play

Well, I think the best thing we can do for the short term is move good energy legislation through to the Congress; I'm encouraged that there's some prospect for that now.

Moving, Thinking, Perspective, Move, Thing, Prospect

We have a serious structural deficit problem. And it needs to be addressed. The president is trying to address it through reforms of Social Security, but the problem is there with other entitlement programs like Medicare and Medicaid.

Deficit, Medicare And Medicaid, President, Serious, Social, Trying

Our view is that economic isolationism is the wrong way to go. Vibrant, successful growing economies that advance the interests of their citizens engage the global economy. And, we're committed to engaging the global economy.

Citizens, Global, Growing, Interests, Successful, Views

But clearly an economy that's growing and expanding like this one - and it certainly is doing that with high GDP output, employment numbers strong, capacity utilization strong - that's an environment in which the Fed needs to continually be alert to early signs of inflation.

Employment, Gdp, High, Numbers, Strong

Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.

Act, Available, Energy, Income, People

You don't fix the problem until you define it.

Problem, Define, Fix

We promote domestic savings by also things like the personal accounts associated with the president's Social Security initiative, which over time would generate more savings.

Domestic, Like, President, Saving, Time, Transformation

Higher energy prices act like a tax.

Act, Energy, Higher, Like, Taxes

We have to keep our eye on inflation, but so far inflation remains reasonably in check on the global stage.

Checks, Eye, Global, Keep, Stage

We can get more energy out of the north slope of Alaska; we have available the ability to make ourselves less dependent on those uncertain sources of supply from the Middle East. And it's important we do that.

Alaska, East, Energy, Important, Make

Well, I think the global economy is in the position for continuing good growth with inflation well in check.

Thinking, Growth, Economy, Check, Think