Word: bentsen
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...investment" and deficit reduction on which Clinton campaigned. "Bill didn't want a brain trust," a transition official remarked. "He needed a sales force -- and that's what he's got." Indeed, Clinton, the Washington "outsider," might be said to have created the capital's most potent lobbying firm: Bentsen, Panetta, Rubin & Altman...
...choice for Treasury Secretary, Texas Senator Lloyd Bentsen, 71, is a business-friendly millionaire who chairs the powerful Finance Committee. California Congressman Leon Panetta, 54, named as Clinton's Budget Director, commands high regard from his peers for his work as chairman of the House Budget Committee. Bentsen's deputy will be Roger Altman, 47, who served at Treasury under President Carter. Altman, an investment banker like Rubin, knows financiers from New York to Tokyo...
Many Democrats, however, voiced suspicion of Bentsen's enthusiasm for granting special tax breaks to oilmen, real estate developers and wealthy investors. Jeff Faux, president of the Economic Policy Institute, a Washington think tank allied with organized labor, complained that "you don't want to run your economic policy entirely around the concerns of Wall Street investors." Elena Hanggi from Little Rock, who trains community organizers and is invited to Clinton's economic conference this week, expressed "disappointment" at the pro-business slant of his top economic advisers but remains cautiously optimistic. In Washington as in Arkansas, she said, "Bill...
...strong and resolute U.S. Europe's woeful incapacity to stop the near genocidal carnage in Bosnia buttresses this argument, as do the American troops whose orders read "Somalia." Yet imagine the reaction if the new Democratic President were someone older and grayer, a Walter Mondale, say, or a Lloyd Bentsen. An aura of anticipation? Unlikely. Rather, the likely response would be a halfhearted shrug at business as usual in the global amphitheater...
...YULETIDE FLURRY OF CHEERY STATISTICS has done nothing to shake Bill Clinton's focus on the U.S. economy as his top priority. The President-elect's first major appointments, expected this week, will be his economic team. Clinton's choice for Treasury Secretary, aides say, is Lloyd Bentsen, the Senate Finance Committee chairman. The senior Senator from Texas, who was nominated for Vice President in 1988, is seen as having the stature and experience to steer Clinton's economic plan through Congress. Investment banker Roger Altman, a Treasury official in the Carter Administration, is said to be the leading contender...