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...anointed James Baker as de facto deputy President, Bush broke away from his old friend and campaign manager. Against Baker's advice, he passed over his current lieutenant, Craig Fuller, 37, for the job of White House chief of staff and turned to an outsider, New Hampshire Governor John Sununu, 49. Fuller, who had served Bush for four years, responded by quitting...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

Baker had preferred that Bush appoint a troika consisting of Fuller, Sununu and campaign pollster Bob Teeter, who together would bring the necessary Washington experience, negotiating ability and personal clout to the job -- much like Reagan's first-term team of Baker, Michael Deaver and Ed Meese. But Bush was determined to show his independence. While some members of the transition team seemed thrilled to see the President-elect make a bold decision, others recalled that Bush was not always at his best on his own. Said a skeptical adviser: "There was a lot about this week that was reminiscent...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

...Sununu is no Dan Quayle. A seasoned and quick-witted political street fighter, he is respected as crafty, tough and stubborn. An M.I.T.-trained engineer and nuclear-power enthusiast who is completing his third term as Governor, he holds a deep conservatism that is both economic and social. Sununu helped turn around Bush's flagging campaign during the New Hampshire primary, when he urged the Vice President to emphasize his "no new taxes" pledge. The Governor then served as the campaign's top Dukakis basher, shadowing his Massachusetts counterpart and ridiculing him. Some Bush aides are concerned that the combative...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

From the moment Sununu's appointment leaked last week, it drew fire from supporters of Israel who were troubled by his refusal in 1986 to join the 49 other Governors in signing a proclamation condemning a 1975 U.N. resolution that equated Zionism with racism. Sununu, whose father is Lebanese, mollified critics with the explanation that he later recognized his mistake and supported the strongly pro-Israel plank in the 1988 Republican platform. "One learns from what goes on," he acknowledged. The flak aimed at Sununu spurred Bush to accelerate by 24 hours his tapping of the chief of staff, after...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

...Sununu's reputation as a fierce opponent of new taxes will not reassure the financial markets about Bush's ability to cure the deficit. Nor will the appointment, expected this week, of the author of Bush's flexible-freeze plan, Stanford economist Michael Boskin, to head the Council of Economic Advisers. If the next Administration will not support new taxes, even for the rich, it must slash into defense (where Bush has vowed to pursue plans for new carrier battle groups and nuclear missiles) and into middle-class entitlement programs like Social Security and farm subsidies (which Bush has promised...

Author: /time Magazine | Title: The Markets Vote | 11/28/1988 | See Source »

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