Word: pets
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Even at General Motors, where he ridiculed other board members as "pet rocks," Perot had his fans. "I've never seen an executive so accessible to his own people," says former executive vice president Elmer Johnson, who negotiated Perot's $700 million buyout. "Maybe it's a little simplistic, like Ronald Reagan could be, but he knows how to prioritize and exactly where he wants to go." But the consensus is that Perot resorted too quickly to guerrilla tactics at GM, lobbing brickbats from the sidelines, rather than ever trying to build support on the board or enunciating a clear...
...course, Perot could never deal with Congress; it would be a disaster. This conventional view is buttressed by a strong argument: Perot, the perpetual maverick who could never recruit allies on the GM board of directors, would be facing a Congress of 535 members of the opposition parties. Pet rocks, indeed. But legislators can also read the election returns, or they wouldn't be on Capitol Hill in the first place. As California Democratic Congressman Howard Berman says, "The level of demoralization around Congress is so deep now it can cause people to contemplate doing things that make little sense...
Bartley's main error is his narrow focus on a few pet theories and prescriptions and the inevitable special pleading this entails. "The moral of the Seven Fat Years is that economic growth counts," he writes. But the rising tide of '80s-style growth failed to lift all boats as advertised: the rich got bigger yachts, the middle class foundered, and many of the poor went under. The task for the 1990s will be to move beyond the excesses and inequities of the debt decade rather than strive to return to a Golden Age that never existed...
...Pet peeves...
There are some things you just can't get in the Square. The nearest Big Mac is at least a T-stop away; there are no pet stores supplying hamster exercise wheels; coloring books are simply not to be found...