Bill Clinton: “Well, as Secretary Bentsen implied, I have now taken both his and Bob Rubin's advice on who should be the Secretary of…”

“Well, as Secretary Bentsen implied, I have now taken both his and Bob Rubin's advice on who should be the Secretary of the Treasury. Before joining our administration, Bob built a brilliant career at Goldman, Sachs and Company where he manifested a concern for the well-being of all Americans, including those who live in our great cities who yearn for more opportunity than they have. He has helped our administration to do something that had never been done before, to have an economic team that really works together as a team, with talent and with discipline and with a common vision. Forty- seven years ago, President Truman created the National Security Council so that officials in foreign policy and defense could work together. With Bob Rubin's leadership, we have created a National Economic Council so that our economic policymakers can work together for the good of the American people. He's the consummate honest broker who brings economic wisdom, common sense, and common decency to every one of our challenges. To borrow a famous phrase from the Treasury Secretary, I know Lloyd Bentsen. Lloyd Bentsen is a friend of mine. And Bob Rubin will be a worthy successor to Lloyd Bentsen. [At this point, Secretary-designate Rubin made brief remarks.]”