Word: reaganized
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Dates: during 1980-1989
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...challenge fittingly complex for a state-of-the-art public official who, at 45, is working for his fifth President and has served in six Cabinet departments. Darman has been a policy adviser, a crisis manager, an editor of Bush and Reagan speeches, a campaign strategist and, above all, a negotiator of intricate deals. The one he found "most exciting," he says, occurred when, as a young Justice Department official, he helped broker Vice President Spiro Agnew's resignation. And the most significant? He names the 1986 economic-summit communique, improving policy coordination among the industrial democracies. Years hence...
...most important short thing I've ever said about myself." Realism, of course, often serves as a respectable disguise for political expedience. Eight years ago this month, he was the first White House insider to warn his colleagues that Reaganomics was flawed. He and Stockman later considered sabotaging Reagan's 1981 tax-reduction bill. Concessions to assorted special interests, necessary to overcome the Democrats' competing proposal, were becoming prohibitively expensive. Instead he pressed ahead, matching the Democratic version in what amounted to a bidding war, betting that the damage could be repaired the same year with a second budget resolution...
...part because of Darman's gift for dispassionate analysis. Says Richardson: "Dick never allowed his thinking to be colored by how he wished the situation to come out." The tome is now shelved. Darman wants it forgotten. He rebuffed publishers who sought a memoir of his time with Reagan. Reason: a really candid book might limit future opportunities for high office...
...Republicanism lightly, even served Jimmy Carter as vice chairman of the U.S. delegation to the U.N. Conference on the Law of the Sea. With that political lineage and a wife describing herself as "alas, a good old-fashioned liberal," Darman was hardly a natural fit in the conservative Reagan White House...
Congress is taking a cue from such state and local initiatives as it begins to consider new ways of promoting home ownership. After years of battling the Reagan Administration's wrecking-ball approach, which leveled housing funds from 7.5% of the federal budget in the late 1970s to 1.5% last year, many legislators now want the Government to aid first-time buyers actively. One bill, sponsored by Henry Gonzalez, chairman of the House Banking Committee, would create a $6 billion fund to make low-interest mortgage loans to first- timers who earn up to 115% of the median income...