Word: neill
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...faire purist who views most government regulation of the marketplace as futile, even harmful. Bush's Veep is mute in public and argues vehemently inside the White House against any overreaction to the recent series of corporate scandals. The Secretary of the Treasury, the gaffe-a-minute Paul O'Neill, was off in Ukraine last week. No matter. Wall Street has not found any solace in O'Neill, a former CEO without a gut feel for what makes markets...
...Verbatim "I'm constantly amazed that anybody cares what I do." PAUL H. O'NEILL, U.S. Treasury Secretary and chief economic spokesman for the Bush administration, defending his plans for extensive foreign travel while the markets fluctuate wildly...
...Neill was derided as an outsider by Wall Street and Washington, but that never troubled Bush. He considered it an asset. Yet O'Neill's stint has been rocky from the start. His penchant for making off-the-cuff quips on everything from Argentina's economic collapse to the merits of a strong dollar has roiled markets around the world and cost him the limited clout he had on the Street. "It's not that he's bad, and it's not that he's dumb," says a New York banker who attended a meeting with O'Neill last week...
...doesn't help that Bush's economic advisers don't play well together. Disputes among Lindsey, O'Neill and Hubbard have become so acrimonious that they have begun seeping out of this famously buttoned-up White House. Lindsey can roll his eyes when asked about O'Neill's latest unscripted remark. And according to allies, he has complained that Hubbard's status quo views have persuaded the President to reject as interventionist even modest new policy steps. The President's top economists, says a senior Administration official, "disagree on the analysis before they ever get to the remedies...
...prepare to see an Administration in motion. The President will hold a lavish ceremony this week to sign the corporate-responsibility bill. O'Neill, Evans and others will attend a series of events promoting good news about the economy. To ward off charges that Bush is lounging on his ranch while the economy burns, he will make trips into the "heartland" to meet with anxious Americans. Topping it off, he will host a day-long economic forum in Waco, Texas...