Remember how Bush and Cheney ran for office on being crack Bid'ness Men? Oh, that California Energy Crisis is just a market problem and deregulation and the market will solve it they said (and since then we've seen it was trumped up by massive fraud among their largest corporate energy financial supporters, who also happen to be among their old pals). Well, another sign that the spin and the reality don't mix is the spinning door at the Treasury department. You can't run for office again when your economic people are overseeing a rotten economy, you need new faces. Time to cut bait and tell the public the fish just weren't biting that old stuff but now we've got a magical new lure that is blessed by God (It wouldn't surprise me that they start saying something like that they are so deluded) and so ----tax cuts, tax cuts, tax cuts, tax cuts, tax cuts--- Goddamn that scratched record! Somebody buy a new one!



US Treasury Gets New Deputy, Fisher Quits

Wed Jul 9, 5:45 PM ET

By Glenn Somerville and Jake Keaveny

WASHINGTON (Reuters) - The Bush administration on Wednesday tapped an academic to take over the No. 2 job at the U.S. Treasury in the latest shuffle at the department that included the resignation of its top debt management expert.

The White House announced that Susan Schwab, dean of the University of Maryland's School of Public Affairs, was its choice to become deputy Treasury Secretary, filling a job left vacant since Feb. 27 when Kenneth Dam left it.

In a series of changes, Treasury also said Peter Fisher, the undersecretary of domestic finance, was quitting in October and that he will be replaced by 45-year-old Kenneth Leet, a managing director at Goldman Sachs Group Inc. (NYSE: GS -news ).

Treasury has become a revolving-door for top officials in the past year, with former Treasury Secretary Paul O'Neill resigning under fire late last year. O'Neill was replaced by current Treasury Secretary John Snow, who has been without a deputy since he took office five months ago.

Rebuilding at Treasury occurs as President Bush ( news -web sites ) begins his run at re-election in November 2004, aiming to seize whatever credit he can for a limping economy that has shed more than two million jobs since he took office in 2001...





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