Treasury Secretary Paul O’NeillJohn W. Snow predicts that there will be two million new jobs before the election. “I would stake my reputation on employment growth happening before Christmas,” Snow said. That forecast flies in the face of every meaningful analysis in both the public and private sectors. You might even call his prediction optimistic… or maybe “irrational”.
But it gets worse. Later in the same interview, he predicts that interest rates would rise, despite the Fed’s insistence that interest rates would stay low for “a considerable period of time.” Yes, it’s always a good idea for the Treasury to second-guess the Fed. Snow apparently got a strongly-worded memo about that: he walked it back the next day.
What is it with the unscripted Treasury Secretaries?
a technology job is no excuse 
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