Vice Grip: Dick Cheney Is a Man of Principles. Disastrous Principles

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EARLY LAST DECEMBER, VICE PRESIdent Dick Cheney was dispatched to inform his old friend, Treasury Secretary Paul O'Neill, that he was being let go. O'Neill, the president's advisers felt, had made too many missteps, given too much bad advice, uttered too many gaffes. He had become a liability to the administration. As Cheney himself once said in a different context, it was time for him to go. It couldn't have been a fun conversation--especially since it was Cheney who had picked O'Neill two years earlier.

O'Neill stormed off to Pittsburgh and within days the White House had announced his replacement. Yet the new treasury secretary nominee turned out not to be much of an improvement. Like O'Neill, John Snow was a veteran of the Ford administration who ran an old-economy titan (the railroad firm CSX) and seemed to lack the global market financial experience demanded of modern day treasury secretaries. Like other Bush appointees, Snow came from a business that traded heavily on the Washington influence game. And--again typical of the president and his men--the size of Snow's compensation package seemed inversely proportional to the returns he made for his shareholders. Of the three new members of the president's economic team nominated in early December, Snow was the only one to get almost universally poor reviews. He was also Dick Cheney's pick.

Week after week, one need only read the front page of The Washington Post to find similar Cheney lapses. Indeed, just a few days after Cheney hand-picked Snow, Newsweek magazine featured a glowing profile of National Security Adviser Condoleezza Rice that began with an anecdote detailing her deft efforts to clean up another Cheney mess. In a July speech, the vice president had argued that weapons inspections in Iraq were useless and shouldn't even be tried. That speech nearly upended the administration's careful late-summer repositioning in favor of a new United Nations-backed inspections program. As the article …