Word: neill
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Think of Paul O'Neill, for now, as Alan Greenspan after a few glasses of wine...
...then he was, a little. "I'm not going to make a huge case that this is the investment we need to make sure we don't go into a recession," the Nixon, Ford and ALCOA veteran told the Senate Finance Committee. O'Neill was speaking, of course, of the across-the-board tax cut his new boss has been describing all winter as, well, the investment we need to make sure we don't go into a recession...
...that O'Neill is against tax cuts, or tax cuts now - "If we are going to do it anyway, then the sooner the better," he added - but he made quite clear to the committee that he thinks smoothing out the business cycle and saving the economy from recession is the Fed's job, and that the White House and Congress should stick to balancing the budget...
...Those who came to observe or participate in confirmation hearings for Secretary of State-designate Colin Powell; Christine Todd Whitman, Bush's choice for EPA administrator; Mel Martinez, the HUD secretary-designate; or Treasury hopeful Paul O'Neill were treated to a day of friendly banter occasionally interrupted by the odd probing question. Those who sat in on John Ashcroft's continuing saga before the Senate Judiciary Committee, on the other hand, witnessed another scene altogether, one marked by harsh repudiation and angry retorts...
...another committee room, Paul O'Neill, whose nomination is considered extremely safe, was gently prodded by Finance Committee members for his opinion on President-elect Bush's $1.3 trillion proposed tax cut. "If we're going to have a tax reduction," the laconic businessman replied, "I don't know why we wouldn't want it now." In one of the most head-slapping moments of the long day, O'Neill was also compelled to make it clear that he is, in fact, very much in favor of a strong dollar, despite some reports to the contrary...