Bank Shot

Treasury Nominee Brings an Interesting Pedigree to the White House

Henry Paulson, nominated by President Bush yesterday to replace John Snow as Secretary of the Treasury, will be taking a massive pay cut once he's confirmed. Serving as CEO of Goldman Sachs, apparently, earns one much more scratch than trying to convince the nation's most gifted economists that huge tax cuts for the upper classes comprise sound policy at a time of burgeoning budget deficits. Anyway, according to an NPR report I heard last night, Paulson is one of Wall Street's most generous philanthropists, having donated more than $100 million to various charitable causes over the years. Among the organizations he supports are those advocating environmental conservation -- Paulson chairs the board of the Nature Conservancy -- and a group that promotes the advancement of women in the workplace. An ace businessman who's going to sacrifice major bucks to take a job in the public sector, and who thinks the environment and businesswomen are causes worth supporting? Maybe you should consider running, Mr. Paulson. And kudos to Mr. Bush for the pick, though of course with this White House you have to wonder whether anybody not named Cheney or Rove even gets his phone calls returned.

Comments

[John Salmon]

Nice post...except for the gratutitous though obligatory Rove/Cheney bashing.

I'll have you know Karl Rove does not eat puppies for breakfast, despite what you're hearing in the media. At least he no longer eats them. One or the other. And Cheney hasn't shot anyone in what, weeks, now.

I too have supported The Nature Conservancy, though to a lesser extent perhaps than Henry "Pat" Paulson. It is a fine group.