The Price of Loyalty the Bush Files


The Bush Files : Economy

Bipartisanship's Last Gasp?, part 2 (3 pages)

After Sept. 11, a bipartisan group of political leaders and economic policy heavyweights met at the Capitol to discuss ways of helping the national economy after the terrorist attacks. The group included Alan Greenspan, former Treasury secretary Robert Rubin, presidential adviser Larry Lindsey, and Congressional leaders from both parties. Secretary O'Neill did not attend the summit, but afterwards received a detailed report -- including verbatim quotes -- from Treasury official Chris Smith. According to the report, a divide quickly emerged in the meeting. Greenspan and Rubin wanted to hold off on a stimulus bill until a clearer picture of the economic impact of the attacks had emerged, while Lindsey pushed for immediate action. Lindsey wanted a cut in corporate income taxes, while Rubin felt that any eventual stimulus should be aimed at "low income people."

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© 2004 Ron Suskind