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What was more astonishing were the evolving terms: a thoroughgoing redefinition of the customary role of vice president. A text recording their understanding proposed that a Vice President Ford would head a White House “executive office,” supervising both the Office of Management and Budget and the National Security Council—serving, Greenspan explained, like a corporate “chief operating officer” with Reagan as the nation’s CEO. It would have been a veritable “co-presidency,” just like Ford told Walter
Reaganland: America's Right Turn 1976-1980
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