Gubernatorial recall candidate Arnold Schwarzenegger has added another well-known name to his economic council: former Secretary of State George Shultz.
The former Reagan and Nixon cabinet member will co-chair the council with legendary investor Warren Buffett. Shultz also has served as Treasury and Labor secretary and chaired President Reaganâ€™s Economic Policy Advisory Board.
In a statement, Schwarzenegger said Shultz and Buffett will help him assemble what he called “a world class team.”
In a brief exchange with reporters at a Los Angeles area school, Schwarzenegger said, “Iâ€™m a very astute businessman. I know exactly what Iâ€™m doing.”
Asked about criticism from recall candidate Arianna Huffington on his meeting with Enron chairman Kenneth Lay two years ago, Schwarzenegger said he didnâ€™t remember the meeting and is concentrating on running a positive campaign.