Decision Points

obviously cared deeply about the Agency.

    With Dick Cheney (
seated
), George Tenet (
left
), and Andy Card.
White House/Eric Draper
    Retaining Bill Clinton’s CIA director would send a message of continuity and show that I considered the Agency beyond the reach of politics. I asked Dad to sound out some of his CIA contacts. He told me Tenet was highly respected within the ranks. As George and I got to know each other, I decided to stop looking for a replacement. The cigar-chomping, Greek-to-the-core director agreed to stay.

    For the most part, the national security team functioned smoothly in the early years of the administration. The economic team did not. The problem was partly the result of a personnel mismatch. As president, I had three key economic advisers: the National Economic Council director, the Council of Economic Advisers chairman, and the secretary of the treasury. I chose Larry Lindsey , an accomplished economist and senior adviser on my campaign, to lead the NEC. Glenn Hubbard , another thoughtful economist, chaired the CEA. They did a fine job designing the tax cuts I had proposed during the campaign. The legislation passed with a strong bipartisan majority.
    My treasury secretary did not share the same enthusiasm for tax cuts. Paul O’Neill had come recommended by Dick, Clay Johnson , and others on the team. His strong résumé included success at the Office of Management and Budget and as the CEO of Alcoa, a Fortune 100 company. I felt that his practical business experience would command respect on Wall Street and Capitol Hill.
    Unfortunately, things started going wrong from the start. Paul belittled the tax cuts, which of course got back to me. He and I met regularly, but never clicked. He didn’t gain my confidence, nor did he build credibility with the financial community, Congress, or his colleagues in the administration. I was hoping for a strong treasury secretary—a leader like Jim Baker or Bob Rubin —who would advance my economic policies in speeches and on TV. By late 2002, nearly two million Americans had lost jobs in the past year, and Paul wasn’t conveying our determination to get them back to work. Instead, he used his meetings in the Oval Office to talk about tangential topics, like his plan to improve workplace safety at the U.S. Mint.
    I did not want to repeat Dad’s mistake of 1992, when he was perceived as disengaged on the economy. I decided that a shakeup of the economic team was the best way to signal that my administration was serious about confronting the slowdown affecting everyday Americans. For the change to be credible, it had to be sweeping. Larry Lindsey had done a fine job, and it was not easy to ask him to move on. He understood the need for a fresh start and handled the news professionally. Paul did not take it aswell. I was disappointed that he departed on bad terms, but glad I made the decision when I did.

    The next summer, I received a surprising invitation to make another change. Every week, Dick Cheney and I ate lunch together, just the two of us. Jimmy Carter and Walter Mondale had started the tradition, and it had continued ever since. I liked the relaxed setting and the chance to hear whatever Dick had on his mind. While I had similar meetings with other top aides, Dick was the only one on a regular schedule. I didn’t look at the vice president as another senior adviser. He had put his name on the ballot and gotten elected. I wanted him to be comfortable with all the issues on my desk. After all, it could become his at any moment.
    Dick and I ate in a small dining room off the Oval Office. The room’s decorations included a bronze bull sculpture given to me by some East Texas friends and a landscape painting that reminded me of the Maine coast. The dominant piece of art in the room was a portrait of John Quincy Adams , the only other son of a president to hold the office. I hung it as an inside joke with Dad. One day early in my presidency, he was teasing me about the special kinship between W and Q. I wanted him to have to look Q in the face the next time he felt the urge to needle. I had read a fair amount about Quincy. I admired his abolitionist principles, although I wasn’t crazy about his campaign to exclude Texas from the Union. Nevertheless, I kept the portrait up for the rest of my time in the White House.
    In mid-2003, Dick opened one of our weekly lunches with a startling comment. He said, “Mr. President, I want you to know that