Word: woodwarding
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...congressional districts, Panetta's was least representative of America -- the pure, elitist, unreal world of California dreaming. Panetta seemed to love talking about nothing more than deficit reduction ... In private, ((Begala)) began applying a new label to the budget director: 'The Poster Boy for ) Economic Constipation."' -- from Bob Woodward's The Agenda: Inside the Clinton White House
...poor, gave insurance companies everything they wanted and did nothing for the middle class. That might seem surprising, since in last year's fight to develop a budget program, Panetta successfully insisted on much more deficit reduction than Clinton's more partisan counselors wanted. According to Bob Woodward's new book, The Agenda, political adviser Paul Begala sneeringly called Panetta "the poster boy for economic constipation." At the White House, though, deficit reduction is regarded as last year's issue and, for the moment, is all but forgotten...
...other hand, headlines -- sometimes in the same day's newspaper -- tell us that the Federal Reserve is raising interest rates out of fear that the economy is creating too many new jobs too fast. And the Clinton Administration has supported these Fed moves. According to Bob Woodward's new book, The Agenda, Fed chairman Alan Greenspan has become Bill Clinton's virtual economic tutor...
...best economic deed was standing by without protest as Fed chairman Paul Volcker wrung inflation out of the economy in the early 1980s. Clinton's fortitude is even more admirable, since Greenspan is trying to avoid a future bout of inflation, not cure a current one. And according to Woodward, Clinton's political advisers all think Greenspan is the devil incarnate, so Clinton gets extra points for resisting them...
Under Snyder, Simon & Schuster became almost as avid as a Hollywood studio in its pursuit of hot properties and star writers. Among the authors it rewarded with big advances were Jackie Collins, Mary Higgins Clark, Kitty Kelley, Bob Woodward, Rush Limbaugh and Ronald Reagan, who was reportedly paid $7 million for his memoirs. For class, Simon & Schuster plucked Philip Roth away from his prestige publisher, Farrar, Straus & Giroux. Although only about 10% of Simon & Schuster's revenues come from trade publishing, that is where the glitz lies. Says top literary agent Morton Janklow: "Trade publishing is like couture in fashion...