Now It's Bill Vs. Big Bad Business

No Democrat has courted business with the ardor that Bill Clinton displayed during the first half of his term. He alienated much of his liberal base to back deficit reduction and trade-expansion pacts, key goals of Corporate America. Thanks to Clinton's trusted counselor, Thomas F. "Mack" McLarty III, the White House became a place where CEOs with a problem could get a sympathetic hearing. And Commerce Secretary Ronald H. Brown turned his department into a free-floating bazaar to hawk U.S. exports.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.