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a blind man in a room full of deaf people« Thread Started on

Daily newsbrief journal for May 2004, also see http://www.usdemocrats.com/brief for a global 100-page perpetual brief and follow twitter @usdemocrats


a blind man in a room full of deaf people« Thread Started on

Postby admin » Thu Jan 26, 2012 7:45 am

a blind man in a room full of deaf people« Thread Started on May 22, 2004, 11:49pm »--------------------------------------------------------------------------------Subject: Bush is savaged by his former Treasury chief. Sunday's 60 Minutes should be a blast. This is the only article in this thread View: Original Format Newsgroups: talk.politics.misc, alt.politics.bush, alt.politics.liberalism, alt.fan.rush-limbaugh, alt.rush-limbaugh, alt.politics.gw-bush, alt.politicsDate: 2004-01-10 09:05:31 PST From The Financial Times, 1/9/04: http://news.ft.com/servlet/ContentServe ... 927272Bush savaged by former Treasury chiefBy Alan Beattie in WashingtonPresident George W. Bush's performance at cabinet meetings resembledthat of "a blind man in a room full of deaf people", according to PaulO'Neill, who was fired as Treasury secretary in 2002.The remarkable personal attack is made by Mr O'Neill in a forthcomingbook, according to excerpts from a television interview to bebroadcast on Sunday.In the CBS Sixty Minutes interview Mr O'Neill, the former chiefexecutive of the aluminium company Alcoa, says there was littleconstructive dialogue between officials and the president.Speaking about his first meeting with Mr Bush, which lasted about anhour, Mr O'Neill says:"I went in with a long list of things to talk about and, I thought, toengage [him] on."I was surprised it turned out me talking and the president justlistening . . . It was mostly a monologue."The interview, one of the first with Mr O'Neill about his time in theadministration, prefigures the publication on Tuesday of The Price ofLoyalty, a book about the Bush White House by the journalist RonSuskind.The book is based on interviews with Mr O'Neill and other White Houseofficials as well as documents provided by Mr O'Neill.Scott McClellan, the White House spokesman, on Friday declined tocomment on the book or the interview, telling reporters "I don't dobook reviews".Mr O'Neill was forced to resign as Treasury secretary in December 2002after he declined to give full-hearted support for a new round of taxcuts, in a clear-out that also saw the dismissal of Larry Lindsey, thepresident's chief economic adviser.Unlike Mr Lindsey, who took his dismissal with public good grace, MrO'Neill immediately stormed out of the Treasury to return to his homein Pittsburgh, Pennsylvania.During his tenure as Treasury secretary, Mr O'Neill became well-knownfor speaking out frequently and frankly on a range of subjectsincluding the dollar, the limited value of International Monetary Fundcrisis lending and the problems with development aid.His comments frequently had an impact on financial markets, with oneremark about the low likelihood of an IMF rescue package for Brazilcausing a rapid fall in the Brazilian currency.The IMF subsequently announced a $30bn bail-out that succeeded instabilising the Brazilian economy.In the television interview, Mr O'Neill also reportedly sheds light onkey policy discussions within the Bush administration, including thescale of tax cuts and what action to take against the Iraqi regime ofSaddam Hussein.
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