Re: Dubya's Treasury pick

["Ken Hanly" <khanly@xxxxxxxxxxxxxxx>]

In the article for which David Shemano provided the URL,  O' Neil is quoted
in a 1990 speech as recommending that corporate taxation be done away with
altogether....This would save a lot of bureaucratic expense...Heck why not
just get rid of personal income taxes too and as O'Neill puts it: No taxes
no tax man and no bureaucracy....No thought of what might happen to
government programs ...Of course who wants or needs government programs!!

    Cheers, Ken Hanly

----- Original Message -----
From: Lisa & Ian Murray <seamus@xxxxxxxxxxxxx>
To: <pen-l@xxxxxxxxxxxxxxxxxxx>
Sent: Wednesday, December 20, 2000 4:27 PM
>Subject: [PEN-L:6447] Dubya's Treasury pick


> Bush Picks Alcoa Exec As Treasury Secretary
>
>
>
> --------------------------------------------------------------------------
--
> ----
>
> AUSTIN, Texas (Reuters) - President-elect George W. Bush chose Alcoa
> Chairman Paul O'Neill Wednesday to be his treasury secretary, saying the
> executive shared his commitment to tax relief for an economy that may be
> heading for a fall.
>
> ``Our economy is showing warning signs of a possible slowdown,'' Bush told
a
> news conference in Austin, Texas, with the gray-haired O'Neill, a former
> senior official at the Office of Management and Budget, standing at his
> side.
>
> ``And so it's incredibly important to me to find somebody who had vast
> experience, who has a steady hand, who when he speaks with authority and
> conviction and knowledge,'' Bush added. ``I have found such a man in Paul
> O'Neill.''
>
> ``We must work to keep our economy strong. That's why we share a
commitment
> to fair and responsible tax relief and a strong commitment to making sure
> there is free trade,'' he added. ``I look forward to having this good man
by
> my side.''
>
> Some financial analysts saw O'Neill, who is 65, as lacking the credibility
> of market wizard Robert Rubin, who was treasury secretary under President
> Clinton.
>
> Bush said he expected the smart money on Wall Street to see the merits of
> O'Neill, who himself stressed that he had a long-standing friendship with
> Federal Reserve Chairman Alan Greenspan and shared many views with the
> central bank chief.
>
> [snip]
>