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COPYRIGHT 2005 FDCH e-media
Original Source: CNBC/DOW JONES BUSINESS VIDEO
NEIL CAVUTO, HOST: Well, there`s got to be something in the investment water these days. Everybody is miserable.
First, Alan Greenspan hikes rates, and everybody says he`s going to keep hiking them, killing stocks. Then all these polls out that say that the president is whistling in the dark if he thinks we`re going to get Social Security reform.
Oh, yes, then these rising oil prices, enough to make anyone lay down and fold, but not the treasury secretary of the United States. One of the most optimistic guys I know.
John Snow remembers well the doubters that the president would never get those tax cuts through and the jobs wouldn`t recover, the markets wouldn`t rebound. He said wrong on all counts. He was right on all counts. We thought we`d have him back again.
Secretary, good to have you....
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