lorne, It may be an apples and oranges wild guess, but the reason why President-elect Bush may have given the Treasury Secretary job to Mr. O'Neill rather than the rumored expected person of Mr. Lindsey may parallel the reason why past President Nixon keep Henry Kissinger away from the title of Secretary of State when in fact Kissinger was doing that task for Nixon/USA.
During that period Nixon understood of certain conditions that existed in the world order that he as usa president could mold into a likeness of greatness for himself if they could be dealt with in a secret manner between him and foreign contacts creating a framework where the USA Congree and Senate had no opportunity to meddle and hurt and question a single person of the USA making foreign policy in secret.
Bottom line was that the Secretary of State was required to keep informed and be accountable to questions from those others Powers that Be in the usa governemnt seperated from the president. Kissinger did not have that burden and was able to travel and talk "for" the usa prez nixon and conduct the business that nixon wanted the secretary of state to do, but in secret outside the law.
Now maybe prez elect bush was just informed these last days that the clinSin administration has played fast and loose with the Treasury and especially the ESF black box.
If so then it might have been concluded by his "handlers", that his father has in place, that eventhought Mr. Lindsey was and remains is the man for the treasury job, that the situation of obscene corruption of huge criminal activity does need the where-with-all of Mr. Lindsey but he would be burdened by the secretary job just like Kissinger would and thusly the same avenue was taken to put another into that job title and let Mr. Lindsey do his stuff without those of the pro-clinSin Dem Party getting in his way to trip him up and prevent him from goings and doings required to get the goods on the clinSin administration.
Just my guess if father bush just was informed and got up to speed with the GATA music drums beating for the Howe/gata lawsuit dance. Lots and lots and extra lots of lawyers in the pres elect bush crowd.
Friday, January 5, 2001
Lawrence Lindsey Will Have New President's Ear on Tax Policy WASHINGTON
... Lawrence Lindsey spent the 1990s warning of an imminent economic crunch.
Consumers were spending far beyond their means... The nation depended too much on foreign lending... He saw the stock market as so wildly overvalued...
The Harvard-trained economist, a former Federal Reserve Board governor...
On Wednesday, however, he looked like a vindicated prophet.
President-elect George W. Bush named Mr. Lindsey, 46, as his White House economic adviser... role as the incoming administration's top thinker on economic matters...
In his new post, Mr. Lindsey will have the president's ear on all matters economic, from tax policy and social security to the budget and economic relations with Japan and the European Union...
Mr. Lindsey was once thought of as a potential Treasury secretary, that position went to Paul O'Neill, the retired chief executive of Alcoa and a Republican heavyweight who has his own strong views...
Mr. Lindsey has not so far been assigned either of the titles normally bestowed on the administration's top economist.
Mr. Bush named him assistant to the president for economic affairs but has yet to say who will head the Council of Economic Advisers or the National Economic Council...
Mr. Lindsey developed a close relationship with Alan Greenspan and wrote a second book, "Economic Puppetmasters: Lesson From the Hall of Power," that included a rare on-the-record interview with the Fed chairman.
... has argued that the International Monetary Fund needs to be overhauled and that it, and the Clinton Treasury Department, were too quick to provide bailouts when emerging markets got into trouble.....
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