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...David Stockman sits and scrawls on his yellow legal pad all his tart recollections of how things really work in the Reagan White House, he is earning about $2,200 an hour. Figuring, that is, that the departing Budget Director is toiling away eight hours every day to produce by his Dec. 1 deadline the blockbuster book for which Harper & Row has just given him a prodigious advance of $2 million plus. A handsome sum indeed, enough to pay about five minutes' worth of the deficit in the Administration's own federal budget for this year. It would have taken...

Author: /time Magazine | Title: Books: It's an Emotional Business | 6/21/2005 | See Source »

...says Brooks Thomas, president of Harper & Row. "We think it will be an extremely important book. There are a lot of people out there who are extremely curious about David Stockman. It's going to be very candid because he is very candid...

Author: /time Magazine | Title: Books: It's an Emotional Business | 6/21/2005 | See Source »

...says Morton Janklow, an attorney-agent who has shepherded such high-price talent as Judith Krantz and Sidney Sheldon. "Political figures don't create big books. Elvis creates big books. Stockman is a bookkeeper, and political figures are not famous for their candor. They're busily engaged in rewriting history...

Author: /time Magazine | Title: Books: It's an Emotional Business | 6/21/2005 | See Source »

...Reagan Administration was simply not up to the exquisite talents of David Stockman. In five years as Director of the Office of Management and Budget, he strode through the corridors of power thwarted, in his account, by political nincompoops who never grasped what policy was all about. He has hardly met another presidential aide he did not disdain. He labored unsuccessfully to educate a dotty President in the fundamentals of economics, only to have poor Ronald Reagan ignore "the palpable, relevant facts" and wander in circles...

Author: /time Magazine | Title: The Presidency: The Triumph of Arrogance | 6/21/2005 | See Source »

...Stockman's memoirs, The Triumph of Politics (Harper & Row; $19.50), form a singular document of arrogance. That Washington cannot meet its responsibilities on the budget certainly is true, but Stockman's own failures may have had as much to do with creating the huge federal deficits and the diminished trust in Government economic planning with which we are now burdened...

Author: /time Magazine | Title: The Presidency: The Triumph of Arrogance | 6/21/2005 | See Source »

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