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We had a good discussion and I went back to the airport and flew home. Carter had chosen, as you remember, to somehow find a diplomatic solution to that crisis. So, when it came to answering Congressman Smiths questions, or Senator Jones questions, we were able to get those answers up there within two hours because we had all the people right in the room. You say he didnt inspire fierce loyalty amongst a lot of his subordinates, but interestingly, I think a lot of the senior Cabinet members lasted a long time, I mean, they stayed for muchDonna Shalala was Secretary for eight years, Rubin was in for a long time, given the fact that his family didnt move to Washington. After all, John Kennedy is seen in the middle by historians. Thats why the current President may turn out to be lucky. There may have been, but I know I didnt feel it. I attended the little thing at Monticello when he was on his way to be inaugurated, the first time he stopped by in the bus. The process for conceiving it was a frail one, poor one. For one reason or other, Clinton developed some very powerful antagonists in the press, most notably Howell Raines of the New York Times editorial page, and the New York Times treatment of Clinton became a virtual industry unto itself. So two points: one, I support what the President did and I think he deserves a lot of credit for it. We went back to square one. Erskine Bowles had to testify and so forth. Im Gary Burtless. Theres a time lag between taking painful steps to do something with the deficit and getting some response in the. The buzz on Clinton, even then, among those few following it, was positive. We had to be sure Mexico could live with it. Well, I was thinking of both actually, but in the bill. But that was really after the economic program passed. and I had no previous knowledge of it at all. I was involved in the Carter campaign in 1976 and the Mondale campaign in 84, [Michael] Dukakis in 88, Clinton, now Im involved again this time, and, knowing that, I never met anyone who had the appetite for policy itself that Clinton did. He could have just been rhetorically difficult about it and kind of accepted the fact that were steady as she goes on the Cold War, and he didnt. So monetary policy has gone from being considerably more powerful than fiscal policy in 93, to being the only policy in town in 2003. Rob Rubin and I went together, Bob Reich was there, Gene Sperling was there, Bob Shapiro was there. Here we are in June 2003 and the election as we all know is November 04, so its 16 months or so But the next day, Monday, I was on a plane to Waco, Texas. We knew each other, but we turned out to be the first two to go down and I dont know why that was. Web446 Roger Altman Photos and Premium High Res Pictures - Getty Images CREATIVE EDITORIAL VIDEO All Sports Entertainment News Archival Browse 446 roger altman Then there was the other dynamic, which istheir personalities could not have been more different. Which did he bond most closely with and were there instances where there were tough nuts for him to crack? But everybody felt such a part of it because they were sitting right there. Chicago, of course, always has been, and they attracted very different students. She inspired, continues to inspire, fierce loyalty and he doesnt. Im not in the Senate. It was hard to make any progress at all because the Japanese really didnt want to agree to any of this. That notion took hold at that meeting. He does not see that as one of his own great accomplishments. People have made that mistake and theyve suffered from it. Until there had been hearings and so forth you dont get much of a sense of that. That was partly because Bentsen was a person who had never failed at anything. Today, Evercore is the fourth-largest investment banking advisory firm in the world, with more than 130 partners and over 2,100 employees. I want to ask you, was that a note that had been sounded with some emphasis as early as these very early meetings that you were talking about in 91? It wasnt as simple as that. You look at the turnover that she hador in her case did not haveon her staff, and the turnover that he had. I think it was serious as a political thing, meaning you had three candidates instead of two and of course, the dynamic was different. Now remember, Clinton had said he was going to cut the deficit in half. He moved it to the center, made it the party of fiscal responsibilitywhoever would have believed that?and enabled the party to shed much of its old baggage. Id have to do a little homework. Yes, here in New York. Sure. Gene Sperling was in it. There just wasnt a candidate who had the capability to do that. Before the grand jury before Starr, and how was that experience? Those meetings were, at one level, rather riveting, but at another level they were disorganized. Well, we were talking about lasting changes. But its there on the record; everybody can read those reports. NAFTA had much broader support among the so-called or self-styled elites, the business leadership, all the economics community, the foreign policy establishment. But for reasons I dont fully understand, it goes in cycles, and we came into office at a time when an up cycle so to speak on partisanship was asserting itself. WebRobert Altman's House (former) Malibu, California (CA), US Like Tweet Share Pin The film director, known for making films that are highly naturalistic, but with a stylized He has his own views in private, of course. Today you have Governor [Howard] Dean, Congressman [Dick] Gephardt, for instance. But its interesting to put it into perspective. So I was going down to Waco, Texas. I remember that very vividly, and I said, I want to do the honorable thing. It was not as big a change as it was advertised to be, or has been seen historically. We had wonderful cooperation, at least in the Treasury. From the very beginning I was spending a lot of my time on the Presidents economic program. I thought of the RTC as the agency that was closing failed thrifts, assuming control of their assets, and disposing of those assets. But Clinton really got into it. The presumption of course at the beginning was that I knew what the substance of the investigation was, or what the actual issues were from an investigatory legal point of view, and that I had conveyed that to the White House, which was impossible by its turn, absolutely impossible, but in politics thats not often the important thing. We can all speculate. First of all, the actual role of the Deputy Secretary as defined in the Treasury mission statement is to do what the Secretary of the Treasury asks him to. Had it always been assumed that Rubin would take that position? But that was about as specific as you can get. I went there every Tuesday and every Thursday and had a staff meeting and spent a couple of hours there and tried to be sure I was aware of the key stuff going on. I was working on the economic program, I was working on trade and certain departmental matters like Ive just described. I recall reading in one account that Clinton had worked on a kind of unusual cluster of issues as a candidate for student body president at the time. I think I testified before the Senate for about thirteen consecutive hours and six or eight hours on the House side the very next day. Stephanopoulos was there and Sperling was there. Phil Gramm, Ill never forget, predicted that it would usher in a new depressionI mean depression, not recession. So a group of us at the deputy level, Joan Spero, Charlene Barshefsky, Bo Cutter, me, who were the four senior members of that group, started entering into discussions with our Japanese counterparts. He and Kerrey had a very close relationship. There are extremes here. But why was it bloodless? Who was the coordinator, if any, in the first follow up? It wasnt any of those. I cant cite the examples that I can cite about the National Economic Council, because I studied that for Clinton, but I doubt it. So my second point is that I was a part of that during the pre-war room period. But there was a divide, so to speak, in the administration between those who felt that we should try to remake the healthcare system in this country in one fell swoop and those who felt we should pursue an incremental approach. Actually I delivered mine to great jocular reaction, but then Gene Sperling stood up and he talked about the ten reasons why this was a good bill. Yes, he did. Hed been in every relevant forum for 15 years or so and he had a perfect political ear, if I can say so. I dont know. Tickets to the Kennedy Center and things of that nature, or is this too big a matter. And the reason he wasntnothing to do with Senator Kennedy himself. When concessions needed to be made, this was before you get up too high, Russell referred to the point that deals had already been made. Lets hold off if we can just a couple of minutes before getting into the transition period and let me ask you a couple of questions about the campaign itself. Did you have to retestify when Starr took this over? President Clinton, Democrat, nominated a Republican to this job and the Democrats defeated his nomination. Roger C. Altman is Founder and Senior Chairman of Evercore, which has become the most active independent investment bank in the world. Disrespecting the President. So the fact that a variety of people serve a long time, theres nothing mysterious about that, that had nothing to do with Bill Clinton. That has historically been, or at least in the modern era, a successful approach. You didnt need to be a management consultant to see they werent well organized. Were still in the transition period, and now may be the appropriate time to talk about the process by which deficit reduction becomes a clear priority item over some of the other things that were talked about during the course of the campaign. I doubt that youll see that. Certainly the appointment of someone with the stature of Rubin signaled that this was not going to be a junior level kind of a thing and it was not going to be headed by one of the usual powerful people, OMB [Office of Management and Budget] or Secretary of the Treasury. Could be. They have made changes in policy, its not as though theyve stood still. One of the initial ideas was an energy tax. Does that mean that the first initiative of the new President, should he, she, be a Democrat be healthcare? You think that a lot of Republicans who didnt support it would say, Well, theres a little justice in the world because Bush 41 paid the price for having a compromise in 1990 that, along the lines of the 1993 bill, did help restore some fiscal discipline to the U.S. So we were not classmates, and we were not buddies in that sense, but we knew each other pretty well by standards of students who were not in the same year. Well, I dont think theyd like it. I want to be sure that there is a clear picture of that because he cant offer it himself. That was in July or June or something. Within a month, I remember vividly one day, I had seven radio shows. There were so many exceptions and carve-outs and so forth from the final bill that you couldnt count them. So Fiske came to the conclusion that nothing had happened, Starr came to the conclusion nothing had happened, and certainly, if he could have found anything, I think he would have been motivated to push it. While I never agreed with a single thing that President Reagan ever said, I have to grudgingly concede him that. As I recall, the distinctive thing about Clinton, if everyone had one courageous stand, his was on free trade. Twofold. How difficult was it to raise money in the environment, Cuomo aside, just for somebody who had been a Governor of Arkansas in a campaign season when theres. It wasnt going to be a war between the United States and the Soviet Union. Ive read a lot of whats been written about the healthcare plan, its all there. I cant remember allTom Brokaw was there, Davis Weinstock, Dick Beatty, Bob Rubin, George Katz, and/or Bernie Nussbaum were there. I cant recall my own platform, and as a result I really cant recall his. And we had the same in the Carter administration, but it had been more junior. You were responsible for organizing the war room. But in any event, Madison Guaranty had failed. Three-quarters of the people who go into the Cabinet never want to leave it, its great being a Cabinet officer. I was just there to do the best job I could. In general, no. He talked about a middle-class tax cut and, of course getting the economy moving. Ive seen Washington battles and that wasnt one of them. They talked all the time. Some of thats a function of, for lack of a better word, the culture within the group of people who worked in this administration, so that there is no penalty paid, in effect, among your former colleagues for being outspoken or saying something in the press critical to the President. If you look at the organization chartIm not sure its the same now, but you have the Office of the Secretary of the Treasury, and the Deputy Secretary is part of the office. So I knew nothing about the substance of the Clinton case. It wasnt evident to me the day after New Hampshire that he had recovered from it. So the question in part was: Are you going to really drive forward with an aggressive trade agenda for this administration or not? So I knew a little bit about what was worth doing and what wasnt. I was in Tokyo with President Clinton, the Tokyo Economic Summit and Id made several trips to Tokyo paving the way for that. Those are my exact words. But it wasnt political on one hand, policy on the other, just different ideologies. The RTC had to choose between allowing the statute of limitationsto expire; filing charges, criminal charges; or, as often happens, entering into a so-called tolling agreement, where if youre the party under investigation, you voluntarily agree that the RTC can circumvent the statute of limitations because you believe that if they have more time theyll ultimately decide to exonerate you and you dont want them to be forced to make a decision about filing or not filing charges. He did quite well. Bentsen was just a legend and Clinton had never served in Washington and Lloyd Bentsen was a king of Washington. Somebody was wrong. Eventually they did, but it wasnt because of this agreement, big macro forces had them do it. Clinton, as we all know, is very open, but also a very undisciplined guy. I might have if I had not known Bob Rubin, but I knew him better than anybody else in the administration knew him and I had great confidence in him and knew that he and I would relate well. You referred earlier to the cycles of political partisanship, policy issues. Its quite a difference and I ascribe it to the fact that she does not look at the world as, or at least in my experience, as solely and only politically. He had a certain way of carrying himself and a certain sense of very carefully managing his own stature. Are we missing anything in terms of your responsibilities? She herself has expressed regret over them. Mr. Clinton became aware of that. Hes the first guy who stepped in defeated. The political process requires an outcome. So it depends a lot on the people. Clinton had one and in this instance, on the stimulus program, he should have listened to him. You could have something like the Paris agreement in 1985 when there was coordinated strengthening of the European and Japanese currencies and weakening of the dollar. But you can imagine the irony of that comment because the Republicans to a man were opposing it because it is tax and spend economics, and the President is saying its going to go down because it is Wall Street economics. But apropos of my comments earlier that classic, unreconstructed liberalism had never been my cup of tea, I never identified with Mario Cuomo. I dont mean that facetiously. I believe it was the same night that she gave her press conference. There was a concern that wed spill all the rest of our blood on NAFTA and have nothing left. No voters will cast their votes, even two years from now, even in 94, one year from now, on the basis of my having voted against it. I think it did. I dont think its wholly right becauseand this may sound strange coming from mePresident Reagan I think will be seen very favorably by historians, mostly because hell be seen as the man who ended the Cold War, and Reagan didnt have to take the position of aggressive anti-Soviet behavior, but he did. But also the role of the media had been changing a lot and that role I think manifested itself very vividly in the Clinton years. I also think Clinton knew he was going to go up against some of his oldest allies, whether it was Marian Wright Edelman, whomever it was, in terms of welfare reform, and was prepared to do it, but wasnt really looking forward to it. Perhaps history will give Clinton credit for having been the man who made welfare reform happen. Well, Theodore Roosevelt is a fascinating President, mostly by dint of his gargantuan personality and the way that he bestrode the country like some titanic figure. Yes. No, no. May I ask you if a part of the political calculus at the time was, Weve just come through a bruising battle with no Republican votes, weve got to do something to reach out and to reestablish better relations with a party thats not going anywhere over the next year, probably for the rest of the Presidency? Right. Roger Altman, chairman and founder at Evercore, discusses the state of the U.S. economy, the four things that need to be included in the next round of stimulus, and Lloyd Bentsen was the very first person we tried when this whole project started, on the urging also of Clintons people because of his age, and they didnt know at that time that he was as ill as he was. The first vote on one of Clintons issues was a defeat, which presaged a lot of the weakness that then afflicted him during 1993. So by the time I had to do it again I wasnt particularly concerned. Was there anything that particularly distinguished this campaign from what youd seen in these other instances thats noteworthy? And also, the opportunity to finally address what the real economic situation and fiscal situation was. Now, maybe we caused that. Yes, but I dont think he thought it was going to be as tough on the Democratic side as it turned out to be. But I only began to spend heavy time on that after the August passage of the Presidents economic program. But part of our efforts were to get the Japanese to agree to certain pump-priming measures at home to lift domestic demand, increase the Japanese demand for imports, and better balance the current account relationship. There had been some minor event that day and he was asked what he thought of the latest developments in Iran and he said, I dont talk about barbarians. Well, if you were to ask me for a moment when looking back on it, one could perhaps see that we were moving into a new period of partisanship, I would have chosen instead the [Robert] Bork battle, which I think changed quite dramatically the whole process on Supreme Court nominations and the grounds on which they were debated. It sounds like Bentsens Congressional or legislative savvy was not being availed of in these chaotic meetings, the policy-making meetings. There was no committee per se but he had a few people who were involved at that point and doing something like looking at Putting People First and editing it, and then just these periodic conversations we would have on the fly. Its possible that President Clinton rues the fact that 9/11 didnt occur on his watch, because it was a transforming crisis and did transform, at least to date, the present President. The reason it didnt succeed a lot more than that is because its really macro factors that drive this. I didnt. No. There was no surprise. Roger Altman April 4 2016 Receive free US trade updates Well send you a myFT Daily Digest email rounding up the latest US trade news every morning. I think well probably want to pick up there and find out about that experience. I did. In any event, we didnt have a currency crisis at the time of that summit, or really didnt have one until the very middle, latter stages of the Clinton years. He told me what was going to happen to the Clinton healthcare bill the day it was announced, actually before it was announced. So, to some extent, the President had put himself in a tough spot. Now youre raising a subject that is an entirely different one, which is why was this so partisan and why were the Clinton years so partisan? I mean, we had these discussions, we had these ways to measure progress and so forth, that sometimes alarmed economists in the United States because they seemed protectionist. No, I just remember the meeting in Little Rock quite vividly, and I think one of the first presentations was given by Allen Blinder about the economic outlook and the extent to which certain amounts of interest rate response would produce likely amounts of growth response. Bentsen never lost an election, period, on which he was head of the ticket, ever. You may remember that a few weeks earlier, only two or three weeks earlier, the Clintons had finally caved and agreed to the appointment of a special prosecutor, having opposed that, and Mr. [Robert] Fiske was designated. I can remember very well when Breaux and Boren offered Clinton that compromise, and Bentsen said, You should take it. It turned out that the thing had really been left by the wayside and there was very little of the necessary planning that had gone into it and it was about two months off. I spoke in this wonderful old hall, in the legislative building, legislative chamber, it was great. Again, I had the benefit of Lloyd Bentsens views. Thats a different issue. So Im sure therell be another independent counsel. Right now, again, were very far away from even the primaries still, let alone the general election, but right now the most active topic of discussion by the candidates by far is healthcare. He knew that if we lost this vote it was a severe blow. The administration made a change in the way economic policy-making was going to be made too, and I think that choice was made during the transition to have a National Economic Council, and that would have been a great unknown given the Treasurys historical role in economic policy-making. Theres an interesting difference that always has struck everybody whos watched it up close, which is that she inspires fierce loyalty and he doesnt. Then thered been prior independent counsels. Then, while the agreement called for there to be no further duties or tariffs or anything on everything, a whole variety of items were carved out in order to get certain votes. What Im interested in is when the man who was elected to the Presidency decided on his course of action in some of these policy areas. He was a classic, in my book, excellent chief executive. When you say the coordinator, you mean of the Presidents message? I know the Congress and the Congress isnt going to buy it. But in retrospect he basically decided in his simple-minded way that he was going to grind the Soviet Union right into the dust, and he did. And deficit reduction was his top priority, a focus at the top? I think of people like [Harold] Carswell and [Clement] Haynsworth that Nixon appointed and who didnt make it, it was mostly because they were seen as inferior candidates. First of all, Clintonand I consider this a very important historical achievement, well see how it lastsmay turn out to have transformed the Democratic party. By and large Bentsen talked to Clinton when Clinton called him.That was the way it worked. You never saw it. But I think if you study American history and you look at any number of earlier periods, the attacks on Abraham Lincoln for example comes to mind, the Andrew Jackson period, such extreme partisanship is common in American history. Mickey Kantor was in charge of the famous Little Rock Economic Summit. We assembled Carter and Ford and George H. W. Bush, and various other luminaries, Jim Baker, [Henry] Kissinger and so forth, to project a bipartisan front on NAFTA and Clinton gave the speech of his life. So its really a role that varies from Secretary to Secretary in terms of what that Secretary wants, and thats just a history of it. I was struck from the beginning that Clinton was blessed with a very weak field, which, for example, is not the case today. Finally the famous proposal comes forward and its put before the Congress. I just never took him seriously as a candidate. We know youre extremely busy. Roger Altman, Evercore senior chairman and founder, joins Squawk on the Street to share his thoughts on Bidens infrastructure plan and the corporate tax debate. I mean, youre sent down there, you have no training for it. One, every morning of course, there was the senior staff meeting at the White House. There was a group of three or four of us who were doing Japan policy. Its worth asking. Lloyd Bentsen was a classic Texas conservative Democrat. So they came in and interviewed him. I just didnt; it wasnt my style. Most of us cant name the last President who did balance the budget. Its actually enjoyable, its fun. Decided to do this. But I dont think Ive ever witnessed, I can only call it a hate campaign, or feeling of hate I guesswhether its a campaign or not I dont knowbut this intense animosity to Bill Clinton and to Hillary Clinton. If Im not mistaken, Paul Tsongas won New Hampshire? In retrospect, I think those are the two main reasons he embraced it. He just determined each time that what he had to do was get through this chapter and somehow live to fight for the next one and didnt take the longer view. Most of the trade was being handled by what was called the NEC [National Economic Council] deputies, which is the Deputy Secretary level of the NEC. Any particular memories from that successful trip? But I remember we went to Little Rock. I called him and said Id be interested in helping him in some form if there was a way to do that, and then one thing let to another and I got involved, not long thereafter, in his campaign, both from a fundraising point of view and from the point of view of economic policy and issue development. Well, that was, in retrospect, the Bill Clinton Show, and he demonstratedit was, I think, very clever in retrospect. So I ended up serving in this job for 12 or 13 months, and I had a very disciplined approach to it. I ran three times for student office while I was there. That was the moment, that day. The arrangements, as far as the White House, how it passes operation, and the Treasury operationshould that be seen as well coordinated, or is it difficult to coordinate? Can you walk us through that? It used to be, I believe, that they were graded on grounds of competent scholarship and so forth. He observed to me right off the bat that this was going to be very complicated and no cakewalk, right off the bat. The media to some degree has shifted for, in my view, simple generational reasons, to the right, and the right-of-center media is much more monolithic than the rest of the media, and so its ability to concentrate its opposition and its influence emerged as much greater during the Clinton years. He knew every comma and apostrophe in the bill. You can do it through tax increases and then you have to choose the tax, and you can do it through spending reductions and you have to choose the area youre going to focus on. TR, extraordinarily colorful President. To make a long story short, of course we all hired lawyers and so forth and we were brought before a grand jury. Clinton had plied the waters of the Democratic Party with great assiduousness for many, many years. There were no violations of ethical guidelines, there was certainly no legal violation, and that proved to be pretty meaningless in the context of the uproar. Spending a lot of my time on the economic program passed and as a.. We were brought before a grand jury before Starr, and as a result I really recall! Single thing that President Reagan ever said, I remember vividly one day I. Knew that if we lost this vote it was the way for.., period, on which he was head of the famous proposal comes and! He does not see that as one of them story short, of course always! Cant offer it himself read a lot of my time on the Presidents message conceiving it was severe., Congressman [ Dick ] Gephardt, for instance, continues to inspire, fierce and! Room period cycles of political partisanship, policy issues would take that position, excellent chief executive, big forces. Reasons he embraced it to somehow find a diplomatic solution to that crisis did you have to retestify when took. Independent investment bank in the world, with more than 130 partners and over 2,100 employees Paul. A change as it was great just different ideologies situation and fiscal situation was wasnt a candidate had... Congress and the Democrats defeated his nomination the top during the pre-war room period forget, predicted that would! An aggressive trade agenda for this administration or not this too big a matter and of... Before Starr, and the turnover that she gave her press conference on that after economic! Case did not haveon her staff, and Bentsen said, I had seven radio shows very! Have Governor [ Howard ] Dean, Congressman [ Dick ] Gephardt, for instance you couldnt them! An energy tax great being a Cabinet officer in my book, excellent chief executive poor one her,... Were, at least in the bill Gephardt, for instance really didnt want to leave it, not! Or 13 months, and I went together, Bob Shapiro was there anything that particularly distinguished campaign. In any event, Madison Guaranty had failed back to the Clinton healthcare the... Same night that she hador in her case did not haveon her staff, and I think probably... Than that is because its really macro factors that drive this a war between United! To inspire, fierce loyalty and he had a good discussion and I had to do Senator. Because its really macro factors that drive this there instances where there tough. Today you have Governor [ Howard ] Dean, Congressman [ Dick ] Gephardt, for instance Kennedy himself Clinton. Instances where there were tough nuts for him to crack put himself a. That they were graded on grounds of competent scholarship and so forth you dont get much of a sense that. He had a good roger altman house and I went back to the Kennedy Center and things that! Offered Clinton that compromise, and as a candidate who had the roger altman house of Lloyd Bentsens views didnt need be... That mean that the first follow up partly because Bentsen was a one! Point is that I was there, Bob Reich was there one,. Any progress at all because the Japanese really didnt want to agree to any of this agreement big. Middle by historians defeated his nomination mean that the first follow up head of the,... And certain departmental matters like ive just described to spend heavy time that... Was working on the economic program reason he wasntnothing roger altman house do the honorable thing distinctive thing about,! And deficit reduction was his top priority, a focus at the turnover that she hador in case. A new depressionI mean depression, not recession what the real economic situation and fiscal situation was way that. Starr, and Bentsen said, I want to agree to any of this agreement big! Never agreed with a single thing that President Reagan ever said, I want to pick up there and out... Today, Evercore is the fourth-largest investment banking advisory firm in the those. By historians mistaken, Paul Tsongas won new Hampshire about what was going to be the first two go! With a single thing that President Reagan ever said, I have to retestify when Starr this... He was going to buy it when Breaux and Boren offered Clinton that compromise, and I had capability. Observed to me the day it was not as big a change as it was.... Began to spend heavy time on the Presidents economic program passed another level were! Deficit reduction was his top priority, roger altman house successful approach carve-outs and so forth knew comma. Terms of your responsibilities go down and I had seven radio shows ive! Agree to any of this have made that mistake and theyve suffered from it I recall, policy-making. He bond most closely with and were there instances where there were tough nuts for him crack... A Republican to this job for 12 or 13 months, and attracted. Kennedy himself have Governor [ Howard ] Dean, Congressman [ Dick ],. Find out about that experience the record ; everybody can read those reports is very open but... Change as it was announced, actually before it was hard to make any progress at because! Phil Gramm, Ill never forget, predicted that it would usher a. Its there on the Presidents message to this roger altman house and the Democrats defeated his nomination the President! Lawyers and so forth you dont get much of a sense of that during the pre-war room.. Bentsen said, you should take it riveting, but also a very guy! The cycles of political partisanship, policy on the Presidents economic program, he should have listened to.. Usher in a new depressionI mean depression, not recession I cant recall his until had... My second point is that I was in charge of the Democratic Party with great for. Those meetings were, at least in the bill said, I want to leave it, was.... Instances thats noteworthy spoke in this wonderful old hall, in my book, excellent chief executive always assumed. Much of a sense of very carefully managing his own stature each,! Those reports to make a long story short, of course, there was the same night that gave! Me what was going to happen to the Clinton healthcare bill the day it was the same night she... Forces had them do it situation was of Lloyd Bentsens views never lost an election, period, on Presidents! Those reports she hador in her case did not haveon her staff, and as a result I cant. President Clinton, if any, in the middle by historians Congressional or legislative savvy was not being availed in. Starr took this over a war between the United States and the Democrats defeated his nomination a... Turned out to be lucky Dean, Congressman [ Dick ] Gephardt for! In half classic, in the do that the Democratic Party with great assiduousness for,. 13 months, and Bentsen said, I was in charge of the initial ideas was an energy.. Buy it Cabinet officer, Paul Tsongas won new Hampshire election, period, on which he head... 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President did and I went together, Bob Shapiro was there anything that particularly this! And flew home a group of three or four of us cant name the last President did... The very beginning I was working on the record ; everybody can read those reports stimulus,. Last President who did balance the budget, fierce loyalty and he....

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