Transcript
Moderator: Ladies and gentlemen, thank you for standing by and welcome to the Bush's New Economic Staff conference call. At this time all participants are in a listen-only mode. Later we will conduct a question and answer session, and instructions will be given at that time. As a reminder, this conference is being recorded.
I would now like to turn the conference over to our host, our guest scholar, Bill Frenzel. Please go ahead.
B. Frenzel: Bill Gale and I are going to open with very short presentations and then we'll be grateful to you for placing the smart questions to bring up the things that are perhaps really important to you. I'd simply like to say that the three new members of the team, that is Mr. Snow, Mr. Freedman, and Mr. Donaldson, are first class people of high achievement in the business world. It seems to me from a political standpoint that Mr. Snow has no trouble with confirmation. I suspect that questions will be raised of Mr. Donaldson, but I also believe he will be confirmed promptly.
These three men join a staff already in place, which includes the Secretary of Commerce Evans, Budget Director Daniels, CEA Chairman Hubbard, and then of course the outsider, but maybe taller than any of them, Alan Greenspan. The budget and tax policies of the administration are probably pretty well defined at this time, although they haven't been presented. The new members will help to add form to the skeleton, but a lot of their decisions have been already made and they will be I'm sure polishing up the details.
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