Looks like O'Neill found his balls a little too late:
Treasury's O'Neill-Democratic stimulus "pathetic"
Reuters Markets News - November 09, 2001 12:12
WASHINGTON, Nov 9 (Reuters) - U.S. Treasury Secretary Paul O'Neill on Friday dubbed a $66.4 billion Democratic economic stimulus package passed by a Senate panel Thursday a "pathetic spending bill."
The U.S. Senate Finance Committee Thursday approved a billion Democratic economic recovery plan over the strong opposition of Republicans.
"Yesterday's action of the Senate Finance Committee kind of frankly (is) a pathetic spending bill. It's not responsive at all to what the president said we needed to do which is to create 300,000 new jobs, which is what his proposal would do," O'Neill said on CNN. He said it is not clear that the finance panel-approved proposal would create any jobs at all.
"It provides new American money to buy more bison meat to put in the warehouse and to encourage conversion of poultry waste into energy. I mean, some of these things may be useful things to do, but they don't have anything to do with stimulating the economy," added O'Neill, who urged Congress to get rid of bipartisanship.
But he said that, ultimately, the two sides would get together on a compromise stimulus bill. |
