To: pater tenebrarum who wrote (52721 ) 1/2/2001 11:15:55 AM From: Box-By-The-Riviera™ Read Replies (1) | Respond to of 436258 Shrub doesn't want hedonics...so he's meeting with "real men" DJ Greenspan, O'Neill Won't Attend Bush Economic Meeting
02 Jan 10:55
WASHINGTON (Dow Jones)--Neither Federal Reserve Board Chairman Alan Greenspan
nor Treasury Secretary-nominee Paul O'Neill will attend the economic forum that
President-elect George W. Bush will hold in Austin, Texas, Wednesday and
Thursday, Ari Fleischer, a spokesman for Bush, said Tuesday.
Instead, the meeting Wednesday will be dominated by corporate chieftains such
as Jack Welch of General Electric, Michael Dell of Dell Computers and Lee Scott
of Wal-Mart. The meeting Thursday will be dominated by executives from the
high-tech world but Fleischer didn't offer any names.
The Bush transition team said it will have a complete list of attendees later
Tuesday.
Bush decided to put the emphasis for his economic forum on corporate leaders
because he wanted to hear directly from the business community what its
thoughts are.
"The president-elect wants to listen to the people who are at the heart of
job creation, who live and breathe on the strength of our economy. So he wants
to listen to how they think the economy is performing," Fleischer said.
Fleischer said that many of the participants in the economic forum will have
been able to see exactly how their Christmas sales have panned out and "their
sense of it (the economy), obviously, is going to be sharper and faster than
any government projection could be."
In the case of the high-tech executives, Bush will also be looking for their
ideas on education issues because of their reliance on highly skilled workers.
Fleischer confirmed that Greenspan hadn't been invited to the forum to begin
with but said there was no significance in this decision. Instead, he noted
that Bush met privately with Greenspan in mid-December and the two men were
able to exchange ideas on the economy then.
In the case of O'Neill, Fleischer said the Treasury secretary-designate needs
to remain in Washingtonto attend to his confirmation process. The same is true
of Don Evans, the longtime friend of Bush, who is the incoming Commerce
secretary. Previously, the Bush transition team said Evans would attend the
meeting.
-By Alex Keto, Dow Jones Newswires; 202-862-9256; Alex.keto@dowjones.com