Dead Wrong Again

DICK DARMAN is one of the brightest, most interesting, and most charming men ever to direct the eye-glazing Office of Management and Budget. His performance, on the other hand, is the most disastrous failure in the history of the job.

To put it bluntly, the U.S. fiscal and regulatory situations—“budget” and “management”—are more out of control today than at any other time in U.S. postwar history. They threaten both the strength and the longevity of the current recovery, and could lead to a major crisis in financial markets over the next year.

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DICK DARMAN is one of the brightest, most interesting, and most charming men ever to direct the eye-glazing Office of Management and Budget. His performance, on the other hand, is the most disastrous failure in the history of the job.

To put it bluntly, the U.S. fiscal and regulatory situations—“budget” and “management”—are more out of control today than at any other time in U.S. postwar history. They threaten both the strength and the longevity of the current recovery, and could lead to a major crisis in financial markets over the next year.