Word: rubins
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...make further gains, Clinton needs more negotiating authority from Congress, and that means taking on two of the crucial Democratic blocs that Gore will need: organized labor and environmental groups. Such heavyweights as Treasury Secretary Robert Rubin and Secretary of State Madeleine Albright are urging Clinton to press ahead. But with Gephardt already stoking the opposition, Gore and others are urging caution, arguing that the President can't afford to alienate Democrats when he needs them on the budget. So far, Clinton seems to be siding with the go-slow camp, which, the most ardent free-traders fear, could sink...
...sheets of paper without any letterhead or other identifying characteristics. Just the date and your initials." Writes Reich: "Now I have my own loop." But of course, he didn't really. At one point, Reich describes waiting in a small anteroom outside the Oval Office with economic advisers Robert Rubin, Laura D'Andrea Tyson and Gene Sperling, only to learn from CNN that Clinton had fired chief of staff Mack McLarty. "Our distress has nothing to do with the merits of the decision...What's so galling is that the decisions were made without any of us having a clue...
Almost every senior Clinton aide at first opposed the plan, which was championed by Dick Morris. Treasury Secretary Robert Rubin and National Economic Council chief Laura Tyson were worried that it would unleash a tax-cutting war with Bob Dole and help mainly families of those who would go to college anyway. Lawrence Gladieux, an analyst at the College Board, agrees. "It is tax relief, but it's not effective in closing gaps in educational opportunity," he says. Sensitive to that charge, Clinton at the last minute tacked on a substantial increase in Pell grants, which pay college costs...
...Rubin came to high finance by way of the Yale law school, and practiced briefly before heading to Goldman Sachs & Co., where he ran the arbitrage department and, later, the entire firm. A Democratic fund raiser in Wall Street's Republican bastion, Rubin served as the first head of Clinton's National Economic Council before taking the top Treasury...
Besides making his mark on domestic economic policy, Rubin successfully engineered a $12.5 billion emergency loan to Mexico two years ago. On Jan. 15, he stood on the sidelines smiling as Mexico's ambassador to Washington announced that his government was paying the loan back three years early. Rubin won't be on the sidelines...