Transcript

Bush Speaks at the Swearing In of Treasury Secretary Paulson

CQ Transcriptions
Monday, July 10, 2006; 12:00 PM

SPEAKERS: GEORGE W. BUSH, PRESIDENT OF THE UNITED STATES

HENRY PAULSON, U.S. SECRETARY OF THE TREASURY

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BUSH: Please be seated. Thanks for coming. Good morning. Thank you for being here.

I'm pleased to be here at the Department of Treasury, to stand in one of its most historic rooms. One hundred years ago the vaults of the Cash Room were stacked from floor to ceiling with bank notes and coins and bullion, right here in this room.

Today there's no longer any cash in this room. There's a lot of talent in this room. But this historic space reminds us of our responsibility to treat the people's money with respect. And in a few moments Chief Justice John Roberts will swear in a man that every American can have faith in, Hank Paulson.

(APPLAUSE)

Hank comes to this position with a lifetime of experience in business and finance. He has an intimate knowledge of global markets. He will work to keep this economy of ours competitive and growing, and he will work to ensure fair treatment for America's goods and services across the world.

We welcome his family here: his wife, Wendy; and his mom, Maryanna (ph); his son, Merritt; and daughter, Amanda; and the other members of the Paulson family who've joined us.

Thanks for coming.

We join them in congratulating Hank as he is sworn in as America's 74th secretary of the treasury.

I appreciate the chief justice joining us today. I appreciate the members of my Cabinet who are here to welcome your new colleague.


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