He liked him then.
http://www.phillyburbs.com/election2000/news/724455.htmBush Names O'Neill Treasury Secretary
BY KAREN GULIO
Associated Press Writer
AUSTIN, Texas (AP) - Warning of a possible economic downturn, President-elect Bush named businessman Paul O'Neill as his treasury secretary on Wednesday, saying O'Neill's corporate experience and steady hand will guide the country if times turn rough.
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``Our economy is showing warning signs of a possible slowdown,'' said Bush. ``So it is incredibly important for me to find someone who had vast experience, who is a steady hand, who when he speaks, speaks with authority and conviction and knowledge. I found such a man in Paul O'Neill.''
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The 65-year-old O'Neill is chairman of aluminum giant Alcoa, ran another giant company - International Paper Co. - and was deputy budget manager during the Ford Administration. He said he decided to return to public life to help Bush ``achieve the greatness that I believe he aspires to for America.''
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Bush has been sounding warnings about a weakening economy and talking up his proposal to cut tax rates across the board to put more money in people's wallets. Lawmakers on Capitol Hill of both political stripes have expressed reservations about whether his proposed $1.3 trillion, 10-year tax cut, rather than incremental reductions, is the right approach, but Bush reiterated Wednesday that he wants a broad tax cut.
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