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...When Stockman arrived at the White House, he was still complaining to Reagan aides that he had been misled by Greider. One of them took Stockman aside just before he entered the Oval Office and warned, "Don't go in and blame it on the goddam article. You and everybody else know that you made a serious mistake." One of the first things Stockman did during the 45-minute lunch with Reagan was offer his resignation. To Stockman's surprise, the President said, "I'll have to give you an answer on that later. There are some...

Author: /time Magazine | Title: A Visit to the Woodshed | 11/23/1981 | See Source »

...Stockman emerged in a state of shock. "I feel like I've been run over by a freight train," he said. "I think the President laid the wood to him pretty damned good," observed a presidential adviser. Reagan had a further idea: "I think the press and public should see and hear David's explanation, just...

Author: /time Magazine | Title: A Visit to the Woodshed | 11/23/1981 | See Source »

Thoroughly chastened, Stockman returned to his office and composed himself over a familiar yellow legal pad. "He just dove into it like he does every other project," explained one Stockman aide. "He knew the kind of statement that the President wanted him to make and he wrote it out directly." For an hour, Stockman rehearsed the toughest questions his aides could throw at him about the whole affair. Then he went off to face an overcrowded room full of reporters in the refurbished White House press quarters. He looked pale and frightened at first, his attempt at a wan smile...

Author: /time Magazine | Title: A Visit to the Woodshed | 11/23/1981 | See Source »

...Stockman made a point of defending the President: "Never, ever, has he attempted to mislead the Congress or the American people, or say things which weren't true." Declared Stockman: "I would not be here now, nor would I have worked 16 hours per day for nearly a year, if I did not believe in the President and in his policies...

Author: /time Magazine | Title: A Visit to the Woodshed | 11/23/1981 | See Source »

Although he handled himself well under questioning, Stockman remains, in effect, on probation. While 32 of the 53 Republican Senators signed a letter to Reagan supporting Stockman and pleading, "We need him as part of the team," Senator Paul Laxalt, the President's confidant, significantly did not. Moreover, a huge question had been raised as to whether Stockman can continue to be effective. Certainly, he has become an irresistible target for Democrats on Capitol Hill. Observed Leon Panetta, a key Democrat on the House Budget Committee: "He was knowledgeable. But now the first question will be: 'Is this...

Author: /time Magazine | Title: A Visit to the Woodshed | 11/23/1981 | See Source »

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