Word: darman
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Brady's announcement was, on one hand, simply an exercise in candor, an acknowledgment of what other experts have been saying for more than a year. But Bush and his wily Budget Director, Richard Darman, have a second agenda. Now that they have convened a budget summit with congressional Democrats, the White House would prefer to remove the rising bill for thrift closures from the deficit talks to make it easier for both sides to reach the elusive Gramm- Rudman targets. A speedy budget deal, Darman believes, will lower interest rates and keep the economy growing. But other participants, notably...
George Bush told why he had summoned them. The economy was really good, he said, but not as good as it should be. His budget man, Richard Darman, supplied the figures: the $100 billion estimated deficit next year could really be $200 billion. Attendees shifted their polished shoes. The President looked unusually stern, not like a man who just two hours earlier had released his net-worth statement showing his assets totaling $2,352,500. But Bush was only one of about half a dozen millionaires who had come that day to rescue the republic from debt...
...some legitimate controversy over the science of global warming. There is virtually none when it comes to ozone depletion. So why is the U.S. balking, when the country's share would amount to no more than $25 million over the next three years? Sununu and Budget Director Richard Darman contend that the economic costs of protecting the environment have been overlooked. They fear the precedent of turning money over to international bodies that may try to dictate how countries, including the U.S., respond to environmental problems...
Even with Sununu's and Darman's influence, such stances may in the end prove to be unsustainable. Predicts Senator Albert Gore of Tennessee: "If the Administration persists in its position, eventually it will be so isolated and so embarrassed that the President will have to reverse himself." Thus Bush's campaign pledge would be fulfilled, but against the President's will...
...shows. The engineer in him enormously enjoys the substantive questions of governance: What kind of pollution control is cost-effective? Which jet fighter technologies should we share with Japan? To such questions, Sununu brings voracious curiosity, a keen analytical gift and near total recall. Budget Director Richard Darman, Sununu's only intellectual peer in the Bush inner circle, points out that "Sununu is trained in fluid dynamics and has a good sense of the dynamics of a problem," unlike lesser minds, who "see the world in static terms...