beginning of that administration, he served as deputy head of the national economic council under bob rubin, and later he became the director of the national economic council. he has held this position before, and has not been involved in 11 straight years of democratic economic policy making, where more than any other one individual in terms of consistently working in the democratic administrations and a key economic policies. he is from an arbor, michigan. he is a diehard wolverine fan. he went to the nervous the of minnesota where he was recruited as a tennis player, won a scholarship, and played as captain as the university of minnesota tennis team. he went to yale law school where he continued his great academic pursuits. at minnesota he had was a member of phi beta kappa. after all school he began to get involved in public policy matters, but also worked for mario cuomo in the early 1990's, and then was recruited in the new caucus campaign to work for bill clinton and he ran the economic policy unit of the clinton campaign in 1992. when he left the clinton administration, he joined th

i want to thank all the members of by administration -- thank you, bob rubin, for speaking and moderatinge panels and all who participated. i was so proud all over again. basically, i could've had a lobotomy and succeeded as president because of them. there were is so good and you saw that. i am very grateful -- they were so good and you saw that. i am grateful for them to be here and those of you here who are not on the program. a lot like to think georgetown for letting me come back here to where we all began this 20 years ago with a three speeches i gave outlining, as they said, the philosophy that was driving the campaign. one of those features is reprinted in the program you all have. in than i think you have this little page which summarizes most but not all the things that we did to try to drive the economy. i like to especially say i am grateful that professor of one's is here who was my international economics professor in 1967. 1967. [applause] and he is -- i am really proud of him for many reasons. he is an egyptian, and all those young egyptians should be modeling them. 40 yea

package to make it stronger in terms of getting a good bond market reaction, and, of course, only bob rubinally knew it to the basis point. [laughter] if i could take one, a minute more about the credibility. we have, we came into office this january 1993 with a financial market, the bond market for short, that had been growing both used to and extremely tired of blue smoke and mirrors on the budget. this had been going on for year after year after year. there was very little credibility of goth announcements at -- government announcements at all about what the future of the deficit would be. it's a little bit like greece today. it's very hard to get people to believe promises about greece and italy. it was about that hard. not quite, but almost that hard to believe promises about the u.s. so we did a number of things, i think, half consciously, half unconsciously to try to cement, there was no such thing as guarantee, the credibility of the package that we'd eventually come up with. and the first was to use honest numbers without gimmicks. dimmics had just been part of the game, and i thin

he served as the deputy head of the council under bob rubin, and then when bob became secretary of thereasury, jean became another director. -- gene became the director. in terms of consistently working democratic administrations that make policy. he is by background from ann arbor, mich., although he did not go to the university of michigan. he is a diehard walgreens fans. he was recruited as a tennis player on a scholarship and played and was the captain of the university of minnesota tennis team. he subsequently went to yale law school where he also continued his great academic pursuits. at the university of minnesota, he was a member of the phi beta kappa. after law school, he began to get involved and worked in the dukakis campaign but also work for mario cuomo in the early 1990's and then was recruited by people he met in the campaign to work with bill clinton and that campaign, and he ran the economic policy of the clinton campaign in 1992. then, as i mentioned, he went into the clinton administration. he has done many things. when he left the clinton administration after servin