Various people, including InstaPundit, are making much of the following economic “quiz”:
Q: Was U.S. economic growth higher during the time John Snow was Treasury Secretary, or during the time Robert Rubin was Treasury Secretary?
A: It was the same , 3.8 percent.
The spin, of course, is that this reflects media bias, with a “liberal” media playing up Rubin’s record, and downplaying Snow’s record. While politics does intrude on economic coverage now and then, this doesn’t strike me as a good example.
Two reasons (of many) why Rubin has a far better reputation than Snow are a) the stockmarket, which was up 27.5% under Rubin (11.3% under Snow); and b) that Rubin was simply more skilled than the the oft-clumsy Snow. It isn’t politics, but money-in-pocket and poise that explain the different perceptions of Rubin and Snow.