Bill Bennett: “I rise to support Senator John Ashcroft for Attorney General, and will outline some sound business reasons for this…”

“I rise to support Senator John Ashcroft for Attorney General, and will outline some sound business reasons for this position. Senator Ashcroft has proven himself the friend of American consumers, investors, and businesses, especially in the high technology sector which has driven much of the prosperity of the last long economic expansion. His potential leadership in the Department of Justice has been hailed as especially good news by high tech businesses and investors, whose retirement and pensions rely on the health of the technology stocks that have recently taken a beating. Indeed, James Lucier of Prudential Securities recently wrote to investors, Technology investors got their Christmas present three days early on December 22 when President-elect George W. Bush named . . . John Ashcroft as his choice to serve as Attorney General . . . [W]e find it hard to imagine Bush choosing a potential attorney general with better qualifications than Ashcroft to restore investor confidence and dispel the more extreme, valuation-depressing fears of political risk at a time when Congress is set to take up a slate of complex issues with ample potential to raise blood pressures among the investor class.--Prudential Securities, ``Washington Research, Washington World,'' January 3, 2001, p. 1.”