Word: switched
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Dates: during 1980-1989
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...Baker's switch to Treasury is much less risky and seems destined to have less impact on the Reagan presidency than Regan's move to the White House. The Texan arrives with scarcely any background in his new field--he was an Under Secretary of Commerce in the Ford Administration--but his confirmation ) hearings should prove a breeze. He relies heavily on his astute aide, Darman, who will be the second-ranking officer at Treasury. While deficit reduction remains the top priority on the agenda of both the Administration and Congress, Baker sees genuine historical opportunity in responding...
...weeks ago Deaver cleared the way by announcing his own imminent return to private life. Last Monday he took the switch proposal to the President. Observed Reagan: "It's fascinating. A fascinating idea." Reagan quickly called in Regan, then Baker. He told them that he needed to sleep on the proposal, but in fact he had already made up his mind. Said he to Deaver that day: "They both like the idea, and so do I." The President disclosed the well-kept secret personally on Tuesday morning, with Regan and Baker at his side, and found that he had given...
...news. "It seems logical once you get over the first surprise," ventured Indiana Republican Richard Lugar, chairman of the Senate Foreign Relations Committee. "It's something I wouldn't have thought of," said Senate Majority Leader Robert Dole of Kansas. "But it turns out it's a good switch...
...past incarnations tried to exploit tax loopholes and shelters for moneyed clients, have taken the case for Uncle Sam. They are now troubadours for the national purpose through tax reform, and they have captured the patriotic fervor of Ronald Reagan. One of the reasons that the President agreed to switch the portfolios of Regan and White House Chief of Staff James Baker was to get maximum horsepower behind his drive for tax reform and the related issues of economic growth and Government spending restraint...
...switch made...