Word: reaganized
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Dates: during 1980-1989
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Stoking the smokestack revival even further, in 1984 the Reagan Administration negotiated voluntary restraint agreements, which limited imports to about 20% of the 100 million tons sold annually in the U.S. The justification was that the worldwide steel glut had forced many foreign governments to subsidize their mills, allowing them to charge artificially low prices in the U.S. In exchange for the VRAs, U.S. steelmakers agreed not to bring trade suits against overseas competitors and promised to plow excess cash into modernizing...
Baker is uncomfortable with what he and Bush call the "vision thing." When he was chief of staff, Baker once said he didn't need to have a vision "because the guy down the hall ((Reagan)) has one. I'm more interested in the game than in philosophy." With the new guy in the Oval Office equally at sea, the matter may fall to Baker by default...
...That's right," says Jamie. "He's got the arithmetic right. He'll be 66 in eight years -- three years younger than Ronald Reagan was when he became President...
...ahead of schedule. Despite a net worth estimated at $4 million, Baker is notoriously frugal. When he went to Washington to become Ronald Reagan's chief of staff, Baker and his wife lived briefly in two rooms without a phone at a Christian Fellowship house. His Foxhall Road residence wasn't ready, and the Bakers wanted to save "about $7,000 in hotel bills." Now, at the ranch, Baker says he is thinking of heading back to Washington a few hours early. "O.K.," says Susan, "but remember we got those supersaver fares, Jimmy. It'll cost extra." "Oh, right," says...
...said Baker, who immediately ordered a more welcoming response. Telegraphing a willingness to consider the F.M.L.N.'s proposal had a twofold purpose: first, to let U.S. Latin allies know that the Bush Administration is taking a fresh look at Central America. Second, to signal to congressional opponents of the Reagan policy that Bush will consider any new option, no matter the origin. "Getting the edge, in Central America especially," says Baker, "requires a bipartisan approach, and that requires our maintaining the moral high ground. Nothing is going to get accomplished down south without Congress being on board...