Daniel Gross explains why White House insiders are so unhappy with Treasury Secretary John Snow, whose ouster has been rumored for months:
(Hat tip to Kevin Drum at Washington Monthly.)The dissatisfaction with Snow stems from the fact that he doesn't seem to convince enough Americans that it's raining when they're getting pissed on. Sure, the headline figures on gross domestic product, inflation, and the unemployment rate look fine. But median income hasn't budged in several years, and the tax cuts aren't trickling down. . . . As people who rely on wage income are subject to the slow-motion wage and benefits cram down, Snow — and the Bush administration — have had nothing to offer except health savings accounts, income inequality, and capital gains tax cuts.