I also thanked the Speaker for his support of the New Markets initiative. The Secret Service had resisted this, and former President Bush had written two letters opposing it. Besides the specific cuts I had already decided on, I was convinced that with a longer-term systematic approach, we could save a lot more money and improve government services. Larry Summers disagreed, saying that a good plan would convince the market to lower rates because there was no threat of inflation as the economy recovered.
I knew Dick was resilient and felt sure he would be back in the political arena before long. In foreign affairs, polls are often useless; people hire leaders to win for them, and it’s the results that matter. saying it would send the wrong signal at a time when they were trying to enforce high standards in the financial industry. gal in our long-ago land deal, perhaps they could catch someone doing something wrong in the handling of it.
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