Wednesday, January 14, 2004

Inside Looking In

Paul O'Neill, Unplugged, or What Would Alexander Hamilton Have Done?


This article gives a nice account of Paul O'Neill's time as Treasury Secretary. It even gives President Bush credit for recognizing that his second round of tax cuts for the rich was unnecessary and shows how he was overruled by his political advisers. And it confirms what many of us have feared: that policy decisions in this administration are made by the political crew, not the people who have been crunching numbers and studying real issues. How can that not frighten people?

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