Selling The Tax Cut
When Paul H. O'Neill was named George W. Bush's Treasury Secretary, there were a lot of surprised faces on both Wall Street and K Street. Although he had a solid reputation as a top budget official in the Ford Administration and spent the past 13 years as chairman of Alcoa Inc., O'Neill wasn't on anybody's short list. First, Bush set out to find a Wall Street clone of Robert E. Rubin, but he was less than dazzled by his staff's picks. Then he flirted with the notion of signing up a savvy politician for the job, someone in the mold of former Nixon Treasury Secretary John B. Connally.
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