[PEN-L:32862] Bush fires Bono too.

[Sabri Oncu <soncu@xxxxxxxxxxx>]

I lied.

Sabri

By the way, there is some info about Bush family here:

http://www.fromthewilderness.com/free/ww3/10_09_01_carlyle.html

Does anyone know who its author Michael Ruppert is?

+++++++++++++

Top Financial News


12/07 17:44
Bush May Consider Parsky, Archer to Be New U.S. Treasury Chief
By Simon Kennedy, Brendan Murray and Ryan Donmoyer


Washington, Dec. 7 (Bloomberg) -- President George W. Bush is
likely to consider California venture capitalist Gerald Parsky
and former Republican Representative Bill Archer as he picks a
successor to Treasury Secretary Paul O'Neill, investors and
political analysts said.

Archer, who is from Bush's home state of Texas, was named as a
candidate by Senate Republican leader Trent Lott. Archer said he
hasn't been asked to take the position. The New York Times said
Parsky, who is a friend of Bush and raised money for his
presidential campaign in California, is being considered.

Bush dismissed O'Neill yesterday and dismantled his economic team
as rising unemployment slowing growth point to a faltering
recovery. His new Treasury chief must generate optimism among
consumers and investors, and polish a package of tax cuts now
under consideration to stimulate the economy, analysts said.

``The main objective now is to have a person capable of selling
an economic plan and restoring confidence,'' said Philippa
Malmgren, until September a White House economic strategist and
now head of the Canonbury Group, an investment advisory firm in
Washington and London.

Wall Street executive Charles Schwab, Commerce Secretary Donald
Evans and Frank G. Zarb, retired chairman of the Nasdaq Stock
Market Inc., are also among those mentioned for the job.
O'Neill's replacement must be confirmed by the Senate.

Friedman for Lindsey

Bush also fired his chief economic adviser Lawrence Lindsey
yesterday, widening a vacuum in his economic and financial team.
Securities and Exchange Commission Chairman Harvey Pitt resigned
last month and Deputy Treasury Secretary Kenneth Dam is also set
to leave, a senior administration official said. Former Goldman
Sachs Group Inc. Co-Chairman Stephen Friedman is Bush's pick to
take Lindsey's job, another administration aide said.

Friedman, senior principal of Marsh & McLennan Capital Inc., led
Goldman in the early 1990s with Robert Rubin, a former Treasury
secretary and now chairman of the executive committee of
Citigroup Inc. Rubin served as the principle White House economic
adviser in his first job in the administration of President Bill
Clinton.

Archer served in Congress for two decades and when he retired was
chairman of the taw-writing Ways and Means Committee of the House
of Representatives. He currently is a senior adviser to
PricewaterhouseCoopers LLP in Washington.

Parsky Considered Before

Parsky is chairman of Los Angeles-based Aurora Capital Partners
LP. He sits on Bush's commission to devise ways to overhaul
Social Security and led an effort to restructure California's
Republican party.

He was named as a possible Treasury secretary when Bush took
office almost two years ago and served in the Treasury as an
assistant secretary during the 1970s under President Gerald Ford.

Evans is a 25-year ally of Bush and helped to raise a record $98
million when the then-governor of Texas ran for the White House.
The onetime oilman last month described the economy's recovery as
``uneven.''

Schwab, chairman of brokerage Charles Schwab Corp., was a lead
speaker at Bush's economic summit in August and has advised the
president on tax policy.

White House aides said no job offer has been made and some
analysts said the eventual nominee may be a surprise, just as
O'Neill was when Bush picked him in December 2000.

Economic Team

The exits of O'Neill and Lindsey leave Glenn Hubbard and Josh
Bolten, two Bush aides who aren't well known on Wall Street, as
the White House's core economic strategists and lead advocates
for his economic program.

Hubbard, chairman of the Council of Economic Advisers and a
Columbia University professor, advocates deep reform of the tax
code. Bolten, Bush's deputy chief of staff and a former employee
of Friedman, has run the meetings of the White House economic
staff and was Lindsey's boss. Some analysts suggested Hubbard may
move to Treasury as a deputy to the new secretary.

The biggest overhaul of the two-year-old Bush administration will
accelerate Bush's efforts to revive the economy as he looks ahead
to the 2004 elections, investors said.

The Standard & Poor's 500 stock index has dropped 31 percent
since he took office. Unemployment rose to 6 percent last month,
matching an eight-year high reached in April. And, while growth
picked up in the first nine months of this year, following last
year's recession, the economy may have slowed to a growth rate of
1.6 percent in the final quarter.

Stimulus Plan

The shakeup will be followed soon by a stimulus plan to boost
growth in an economy that's shed 1.6 million jobs since March
2001. Tax cuts for low- and middle-income consumers and the
elimination of the double tax on corporate dividends are expected
to form the core of that plan. O'Neill had questioned the merit
of broad tax cuts because of a concern they would lead to a
succession of budget deficits.

Bush, who has been focusing on terrorism and a possible attack on
Iraq, wants to avoid the mistakes of his father, George H.W.
Bush, who lost the White House in 1992 because of what was dubbed
the ``jobless recovery'' that followed the 1990-91 recession,
investors said.

``The similarities between the two Bush administrations is eerie
and they have to restore the perception that they're on top of
the economy before the election,'' said Greg Valliere, senior
analyst at Schwab Washington Research.