Word: panetta
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...right when he says that changing circumstances mandate changing views -- and he is -- he should say so and leave it at that. He need not fear the public's reaction. The lesson of last fall's election, as put succinctly by Clinton's new Budget Director, Leon Panetta, is that "the people have said, 'Don't kid us anymore. Just tell us the truth.' " Why Clinton can't grasp this fact is anyone's guess. All we know is that we have been around this block before. Clinton's inability to come clean about his draft dodging during the campaign...
...course, in light of Clinton's other picks, Brown isn't too surprising. Directionless Warren Christopher (at State) and single-minded Leon Panetta (as budget director) are terrible choices...
...spring Clinton was pretending he had never seriously proposed the tax cut, and he knew the plan could not survive the close scrutiny it was beginning to receive. It had accurately signaled Clinton's priorities -- which remain basically intact -- but there was little supporting data. Experts like Representative Leon Panetta and Alice Rivlin (whom Clinton has tapped for the two top slots at his budget office) derided the plan as unsound, and Ross Perot ridiculed Clinton for a "a bunch of junk numbers that don't compute." Perot's criticism dovetailed perfectly with Republican claims that Clinton...
...recapture $45 billion (over four years) in tax receipts he believes is owed by foreign corporations doing business in the U.S. Among those who have studied this problem seriously, Clinton is about the only person left who still thinks such a windfall is possible. "Ain't no way," says Panetta. "Maybe we'll get $3 billion a year -- if we're lucky...
...dramatic the-envelope-please moment at the Academy Awards. For nearly a week, the press had been accurately forecasting the precise lineup of the Clinton economic team. Typical was the Dec. 5 headline in the Washington Post: BENTSEN SOUGHT AS TREASURY CHIEF. The same article had Congressman Leon Panetta slated for Director of the Office of Management and Budget, even though Panetta spokesman Barry Toiv insists that the job was not even offered until last Tuesday...