Word: lindseyism
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...suggestion that he include a Wall Street savant, similar to Clinton Treasury Secretary Robert Rubin, on his economic team. Instead he made Alcoa CEO Paul O'Neill, who shared Bush's negative views of Wall Street, his secretary of the Treasury. As his national economic adviser Bush chose Larry Lindsey, an economist and former Fed governor who was so suspicious of the markets that he refused to invest his own money in them. O'Neill and Lindsey are now gone, and in Lindsey's place is former Goldman Sachs co-chairman Steve Friedman, the kind of Wall Street sharpie Bush...
...REGIME CHANGE The polite way of saying we want someone ousted. Bush goes after Saddam: Iraq needs a regime change. Bush axes Paul O'Neill and Lawrence Lindsey: Economic regime change...
...gaffe is when a politician tells the truth (as someone once said), Senate Republican leader Trent Lott's bizarre endorsement of white racism and segregation does not qualify. An authentic gaffe is more like Lawrence Lindsey's comment that a war against Iraq could cost $200 billion, which got him fired as President Bush's top economic-policy adviser. Nobody at the White House disputed the figure--they just didn't want it brought up. This is called being off-message, and in Washington that's much worse than being, say, wrong. Lindsey's replacement, investment banker Stephen Friedman...
...discipline to give handouts to the wealthy. Administration officials scoff. Says a senior aide: "Show me somewhere in history where someone has paid a political price for deficits." That's exactly the kind of talk that could spook the bond markets. So while it's easy to write off Lindsey and O'Neill as bunglers, they may not be such an easy act to follow until the Bush team gets the sound track right. --With reporting by Michael Duffy and Adam Zagorin/Washington
Each year, three recipients from western Canada are named the Canadian Rhodes Scholars. This year, Jeremy L. England ’03, Sue Meng ’03, Anna K. Weiss ’03 and Lindsey O. Worth ’02 are the U.S. Rhodes winners from Harvard...