Word: darman
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DIED The man many republicans blame most for George H.W. Bush's reneging on his "Read my lips: no new taxes" pledge was Bush budget chief Richard Darman. As a top aide to Ronald Reagan, he was both an intellectual and a savvy technocrat. Yet the economist could be stubborn. After persuading Bush to reverse himself to reduce the deficit?a move that deeply damaged voters' trust and one that Bush called his biggest mistake?Darman maintained the error was tactical; the plan had just been badly presented. "I'm a long-term idealist and short-term realist," he said...
...much of the credit will go to U.S. Treasury Secretary James Baker. In 14 months, Baker and his deputy Richard Darman have greatly modified the Administration's previous go-it-alone international economic policies. In September, Baker engineered an agreement with the finance ministers and central bankers of other major nations to push down the value of the U.S. dollar, especially in relation to the Japanese yen. His goal was to cut U.S. imports, spur American exports and head off protectionism in Congress. In recent weeks Baker has been successfully urging other governments to join with the U.S. in reducing...
Concerned that Reagan's 1981 tax cut could exacerbate rather than cure the looming deficits, Stockman began to fall away from supply-side theology and line up with such pragmatists as former Chief of Staff James Baker and his assistant Richard Darman, now Secretary and Deputy Secretary of the Treasury. Together they battled to scale back increases in defense spending, with little success until this year. Though they helped enact a few "revenue-enhancing" measures, they could not persuade the President to consider more serious tax increases...
...Regan, who conceded that tighter editing was required. Who will do it is the question. Regan has no time and little sensitivity to seek out nuances. There is no other senior aide with both the authority and the keen judgment to wield a blue pencil as effectively as Richard Darman, now Deputy Treasury Secretary, did during the first term...
...Rubenstein is not an alumnus of the Kennedy School, he said that he always “felt part of the K-School family” because over the years so many of his friends and colleagues have come out of the school, including faculty members David Gergen, Richard Darman, Elaine Kamarck and Graham Allison. “It really is a place that trains our future leaders...