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...Congress moved to insulate the Fed from political pressure and passed a law removing the Treasury Secretary from the board. Even so, the board still tended to follow the presidential lead. When Dwight Eisenhower took office in 1953 on a promise to curb inflation, the Fed cooperated; money growth averaged only 1.8% a year during Ike's terms. When Lyndon Johnson later on needed easy money to help finance the Viet Nam War along with his Great Society domestic programs, the board once again cooperated; by the end of L.B.J.'s tenure, money growth was spurting...

Author: /time Magazine | Title: That Independent Fed | 7/5/1982 | See Source »

Emperors and their clothes remain an important area of presidential lore that has only been skimpily researched. It was a given back in Dwight Eisenhower's time that when the President was spied coming down the corridor in the morning in a brown suit, he was in a bad mood. Aide Tom Stephens flashed the word all through the White House to beware. GQ's Haber insists that Kennedy's fondness for a two-button coat began a trend that drove three-button models out of the market. Kennedy also put the last nail in the coffin...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: Live Men Do Wear Plaid | 6/28/1982 | See Source »

Nixon's best stroke of comparative public relations has arisen from disclosures that, almost since the invention of recording tape, Presidents have surreptitiously recorded conversations in the Oval Office. Franklin Roosevelt did it. Dwight Eisenhower did it. John Kennedy did it. The new knowledge of such taping has helped Nixon's negotiation with history, or at least his case in the public perception. It should not. Taping conversations on the sly is not polite. It is often morally wrong. But the fact that he taped his conversations did not destroy Nixon's presidency. It was what...

Author: /time Magazine | Title: Watergate's Clearest Lesson | 6/14/1982 | See Source »

Christian went over to the President's desk in the Oval Office to see if the little black marks made by Dwight Eisenhower's golf cleats were still in the wooden floor. "I'll be darned," said Christian. "They finally got them...

Author: /time Magazine | Title: The Presidency by Hugh Sidey: A Hardy Band of Brothers | 5/10/1982 | See Source »

...other mode of recreational sex that discharges libidinal energies without occasioning procreation. Suffice that it would be regrettable if an unchallenged utterance by someone whose title suggests that he ought to know, results in a public perception that the University has adjourned to the encampment of Jerry Falwell. Dwight Benton Minnich...

Author: NO WRITER ATTRIBUTED | Title: Pattullo's Letter | 5/7/1982 | See Source »

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