Jonathan A. Schein
President & CEO
Real Estate Media
GlobeSt.com

10/22/03: Sometimes you have to wonder about conventional wisdom in the nation's capital. The economy is one of the two biggest topics on our government's agenda, the other being the war on terror. When the current administration was pushing Paul O'Neill, a former CEO of Alcoa, for Treasury Secretary, many wondered about the wisdom of picking someone who hailed from the so-called old economy. At first glance, the choice made some sense because the new economy had faltered and this was a return to corporate and fiscal responsibility. Now, we have John Snow, former CEO of another old-economy firm, CSX. Recently, in a published interview, Snow predicted that the economy will grow in the next four quarters and produce two million new jobs. If this happens, we will all be rejoicing. If not, it might be an indication that this administration's idea of how to manage our economy may be on the wrong track and out of touch.

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