LYCOS RETRIEVER
George W. Bush: Treasury Secretary
built 198 days ago
Facing opposition in Congress, Bush held town hall-style public meetings across the U.S. in 2001 to increase public support for his plan for a US$1.35 trillion tax cut program — one of the largest tax cuts in U.S. history. Bush and his economic advisers argued that unspent government funds should be returned to taxpayers. With reports of the threat of recession from Federal Reserve Chairman Alan Greenspan, Bush argued that such a tax cut would stimulate the economy and create jobs.[53] Others, including the Treasury Secretary at the time Paul O'Neill, were opposed to some of the tax cuts on the basis that they would contribute to budget deficits and undermine Social Security.[54]
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In a show of hubris typical for members of the Bush administration, Donald Rumsfeld insisted for a time that as Defense Secretary he have final say in determining the shape of Iraq's occupation. Bush gave it to him, and look what happened. If the Bush team were in Kindergarten, their report card would read "does not share well with others."
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As other Presidents have done, Bush issued a series of pardons during his last days in office. On December 24, 1992, he pardoned six former government employees implicated in the Iran-Contra scandal - most prominently former Secretary of Defense Caspar Weinberger. Weinberger had been scheduled to stand trial on January 5, 1993, for lying to Congress regarding his knowledge of arms sales to Iran and concealing 1700 pages of his personal diary detailing discussions with other officials about the arms sales.
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