Paul O'Neill

Ron Suskind Posts O'Neill's Documents on the Internet
Paul O'Neill

"These documents are drawn from a collection of 19,000 files of Paul H. O'Neill, the U.S. Treasury Secretary for the first two years of the Presidency of George W. Bush. Like all Treasury Secretaries, O'Neill was the top domestic appointment of the President and also a principal of the National Security Council. The files, which range from memoranda to the President to handwritten notes to 'sensitive' internal reports, cover a sweeping array of foreign and domestic issues. They also display the attending political and personal matters that often determine policy... Documents cited in the 'The Price of Loyalty' are presented with explanations of context and little comment. They speak, as does all irrefutable evidence, for themselves. More files of compelling public interest will be released in the coming days and weeks."

O'Neill Cleared in Use of Classified Documents
Paul O'Neill

CNN: "Former Treasury Secretary Paul O'Neill has been cleared of wrongdoing in the use of classified documents as source material for a book that portrayed President Bush in an unflattering light, Treasury Department sources told CNN on Friday. The investigation by the department's inspector general found that though O'Neill did receive classified material from the department after his resignation, the lapse was the fault of the department, not O'Neill, the sources said. In a letter sent to members of Congress on Friday, Treasury Secretary John Snow said the documents 'were not properly reviewed before their release' and that 'we are taking corrective action concerning those documents,' according to sources." Another Karl Rove orchestrated smear is debunked. Unfortunately, the retraction will be muted, unlike the trumpeting of the false accusations.

Why Did Paul O'Neill Dare to Tell the Truth
Paul O'Neill

Robert Reich writes, "It seems more likely that Paul O'Neill was simply appalled by what he found at the highest levels of the Bush administration... There's a sense of amazement bordering on disgust at a White House that's captive to a small group of radical conservatives bent on imposing their views, regardless of consequences. O'Neill is no naif. He knew full well that Washington can be a rough city and a cabinet position isn't for the faint of heart. But he must have believed that facts, reason and common sense would ultimately trump ideology. That's where he made his biggest mistake. The central question his book raises isn't really the loyalty a cabinet officer owes a president. It's the loyalty a president and his inner circle owe to the country and to its democracy. If O'Neill is telling the truth - and we have no reason to doubt his veracity - there's serious doubt about the loyalty of this administration to America."

Official Confirms O'Neill's Claim that Iraq War in Works Right after Inauguration
Paul O'Neill

"Bush ordered the Pentagon to explore the possibility of a ground invasion of Iraq well before the United States was attacked on Sept. 11, 2001, an official told ABCNews, confirming the account [of] former Treasury Secretary Paul O'Neill... The official, who asked not to be identified, was present in the same National Security Council meetings as O'Neill immediately after Bush's inauguration in January and February of 2001. 'The president told his Pentagon officials to explore the military options, including use of ground forces... That went beyond the Clinton administration's halfhearted attempts to overthrow Hussein without force'... Both the official who spoke to ABCNews and O'Neill have acknowledged that Bush had not yet made up his mind for a ground invasion at the start of his administration, but they say officials were told to find ways to get rid of the Iraqi leader. 'Getting Hussein was now the administration's focus, that much was already clear,' O'Neill says in his book."

Bush Gang's Criminal Hypocrisy: Ardently Investigating O'Neill, But Containing Plame Leak Investigation
Paul O'Neill

Paul Krugman writes: "So far administration officials have attacked Mr. O'Neill's character but haven't refuted any of his facts. They have, however, already opened an investigation into how a picture of a possibly classified document appeared during Mr. O'Neill's TV interview. This alacrity stands in sharp contrast with their evident lack of concern when a senior administration official, still unknown, blew the cover of a C.I.A. operative [Valerie Plame] because her husband had revealed some politically inconvenient facts." But there is a consistency here -- both O'Neill and Joseph Wilson -- Valerie Plame's husband -- have dared to challenge the Emperor and his Court. And they are now both targets of this vindictive regime.

Another Bush Lie: O'Neill's Documents Were NOT Stolen
Paul O'Neill

"Reacting to an announcement by the Treasury Department that it was launching an inspector general's investigation into how an agency document stamped 'secret' wound up being used in his interview on '60' minutes, O'Neill said, 'The truth is, I didn't take any documents at all.' On NBC's 'Today' show Tuesday, O'Neill said he had asked the Treasury Department's chief legal counsel 'to have the documents that are OK for me to have' for use in the book entitled, 'The Price of Loyalty.'... O'Neill also said he thinks the questions could have been more readily answered if top Treasury officials had talked to the agency's legal counsel. 'I'm surprised that he didn't call the chief legal counsel,' O'Neill said of his successor, Treasury Secretary John Snow... 'I don't think there is anything that is classified in those 19,000 documents,' O'Neill said, predicting the Treasury investigation would show that the Treasury employees who collected the materials for him had followed the law. "

Damage Control Code Red! Rove Calls O'Neill 'Crazy'
Paul O'Neill

Paul O'Neill thought the truth would protect him from a vicious attack by Karl Rove. "I can't imagine that I am going to be attacked for telling the truth." Sucker!!! "As for the charge that there were early plans to invade Iraq, [Karl Rove] calls that 'laughable.' Suggesting that O'Neill doesn't know what he's talking about on this matter, [Karl Rove] told CBS News O'Neill had enough problems in his own area of expertise. Another [Karl Rove] told CBS News Saturday, 'No one ever listened to the CRAZY things he said before, why should we start now?'" If O'Neill is CRAZY, why did Bush make him Treasury Secretary, the position responsible for the WORLD ECONOMY? Bush is the crazy one - invoke the 25th Amendment! (madgeorge.us)

Another Dubious Bush Administration Denial of Wrongdoing
Paul O'Neill

Don't you wish you had a dollar for every time someone in the Shrub administration claimed they "didn't know" that the corporations they were either running or serving on the board of were engaging in crooked accounting practices? Cheney and Halliburton...Bush and Harken...Thomas White and Enron...the list of obfuscators and deniers goes on and on, and now we can add Treasury Secretary Paul O'Neill. Despite the fact that he served on the audit committee of Lucent and it was his job to be aware of these things (!), he claims he had no knowledge of a federal probe into accounting irregularities at the company. This has got to be either the crookedest administration in recent history or the laziest. Maybe both...

Treasury Secretary Paul O'Neill Declares: 'If People Don't Like What I'm Doing, I Don't Give a Damn -- I Could Be Sailing around on a Yacht or Driving around the Country'
Paul O'Neill

With the stock market plunging and Americans "increasingly worried about the way the Bush administration is dealing with the economy and corporate fraud, Treasury Secretary Paul O'Neill, the administration's main voice on economic issues, was in Kyrgyzstan. [This reinforced the view] that...Bush's economic team was not responding sufficiently to growing economic and political pressures. 'I'm constantly amazed that anybody cares what I do,' Mr O'Neill declared...Mr O'Neill takes issue with the notion that he is AWOL...in May, Mr O'Neill bridled at questions about his effectiveness. 'If people don't like what I'm doing, I don't give a damn,' he asserted. 'I could be sailing around on a yacht or driving around the country.' He added that the president [sic] had praised him for his original way of thinking. 'As long as he gives me that leash, I'm going to use it,' Mr O'Neill said. [Mitch Daniels said that Washington] should not overestimate its importance in the financial markets."

O'Neill Threatens Resignation if $6 Trillion Dollar Debt Limit Isn't Raised
Paul O'Neill

"You're going to have to raise the debt ceiling or you're going to have to find a new Treasury secretary, because I'm not going to go to jail because you failed to act and I have to take some extraordinary action that is unconstitutional. I'm not going to do that," O'Neill told Congress. The Bu$h administration wants to increase it by $750 Billion. To stay below the debt ceiling, O'Neill had shifted federal retirement funds into non-interest bearing accounts. Had he not done so, the government would have been technically in default, negatively affecting US securities and forcing higher interest payments in the future on the nation's national debt. This is what happens when Republicans run the country and create massive debts.

Enron Economics? O'Neill to Raid Federal Employee's Pension Funds to Avoid Breaking the Federal Debt Ceiling!
Paul O'Neill

Paul O'Neill, of the Treasury Department, announced to key members of Congress on Tuesday, that daily investments of billions of federal employees' retirement funds will be suspended for two weeks to avoid breaking the federal debt ceiling. Money in the G Fund, the portion of the federal 401k-style Thrift Savings Plan that is normally invested in Treasury securities, will not be invested from April 4 to April 18. According to a Treasury Department fact sheet without tapping into the G fund, Cash on hand and tax receipts wouldn't have been sufficient to cover Social Security, pay for federal employees, tax refunds and other expenditures, and the government would have had to exceed the debt limit. O'Neill states that when the government is no longer in danger of exceeding the debt limit, Treasury will restore the lost interest to the G Fund. Critics of the G Fund maneuver say the Bush administration was not forthcoming with federal employees about the Treasury Department's plans.

Treasury Secretary Paul O'Neill Poisoned Central Texas
Paul O'Neill

Did you ever wonder why the Texas Oil Mafia chose Paul O'Neill as Treasury Secretary? After all, O'Neill was CEO of Aluminum giant Alcoa, based in Pittsburgh. Now we learn the answer: "Alcoa's Rockdale power plant has illegally emitted hundreds of thousands of tons of toxic pollutants into the Central Texas air since the mid-1980s, state and federal environmental regulators said Wednesday."

Now that Bush Has His Tax Cut, O'Neill Wants to Give the Rich Even Bigger Jackpot
Paul O'Neill

With big business, enough is never enough, especially when your buddies are minding the mint. U.S. Treasury Secretary Paul O'Neill now wants to abolish corporate income tax and capital gains taxes on business, which account for 10-35% of all federal revenue. O'Neill thinks the increased income tax burden this would place on the average American would be a worthwhile trade for increased economic growth (for who?). O'Neill also favors doing away with a guarantee of senior citizens' health care and pension plans. "Able-bodied adults" says O'Neill, regardless of how old or how hard their lives have been, should work till incapacitated, thereby saving corporations even more money. Cold or what? This man makes Ebeneezer Scrooge look like Mother Teresa!