Why has an administration that talks so much about terrorism and homeland security demonstrated so little competence when it comes to securing the homeland? Part of the reason is management style: the president says he sees his role as that of a CEO, but he performs like a non-executive chairman of the board, not a hands-on supervisor. What is more, the White House inner tribe believes that a strong Department of Homeland Security is not only unnecessary but even antithetical to the administration's political philosophy and interests.

He's absolutely right about this, that Bush acts more like a Chairman of the Board than a hands-on-CEO.  What's more, there's never been a problem with spending money, just as long as the money goes to the right insiders.