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The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O'Neill Hardcover – January 13, 2004

4.5 4.5 out of 5 stars 317 ratings

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An explosive account of the inner workings of the George W. Bush administration, written with the extensive cooperation of former U.S. Treasury Secretary Paul O'Neill. As readers are taken to the very epicentre of government, this news-making book offers a definitive view of Bush and his closest advisers as they manage crucial domestic policies and global strategies within the most secretive White House of modern times.

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Editorial Reviews

Amazon.com Review

The George W. Bush White House, as described by former Treasury Secretary Paul O'Neill, is a world out of kilter. Policy decisions are determined not by careful weighing of an issue's complexities; rather, they're dictated by a cabal of ideologues and political advisors operating outside the view of top cabinet officials. The President is not a fully engaged administrator but an enigma who is, at best, guarded and poker-faced but at worst, uncurious, unintelligent, and a puppet of larger forces. O'Neill provided extensive documentation to journalist and author Suskind, including schedules with 7,630 entries and a set of 19,000 documents that featured memoranda to the President, thank-you notes, meeting minutes, and voluminous reports. The result, The Price of Loyalty, is a gripping look inside the meeting rooms, the in-boxes, and the minds of a famously guarded administration. Much of the book, as one might expect from the story of a Treasury Secretary, revolves around economics, but even those not normally enthused by tax code intricacies will be fascinated by the rapid-fire intellects of O'Neill and Fed chairman Alan Greenspan as they gather for regular power breakfasts. A good deal of the book is about the things that O'Neill never figures out. He knows there's something creepy going on with the administration's power structure, but he's never inside enough to know quite what it is. But while those sections are intriguing, other passages are simply revelatory: O'Neill asserts that Saddam Hussein was targeted for removal not in the 9/11 aftermath but soon after Bush took office. Paul O'Neill makes for an interesting protagonist. A vaunted economist from the days of Nixon and Ford, he returns to a Washington that's immeasurably more cutthroat. And while he appears almost naïvely academic initially, he emerges as someone determined to speak his mind even when it becomes apparent that such an approach spells his political doom. --John Moe

Review

The Times Blasts through the wall of silence surrounding the White House.

Financial Times The most spectacular attack on Bush by a former senior official.

Justin Webb,
BBC The most sustained and damaging criticism of the Bush administration from a former insider since the President came to power.

New Yorker A damaging read...Our breezy President, if he is re-elected, may well find himself ruined by his refusal to heed O'Neill's warnings.

Sunday Times O'Neill's book is priceless.

Esquire The most explosive book of the year.

Guardian One of the most damning White House exposés of recent times.

Independent A considerable challenge to the official version of history. --George Bush Secrets

Product details

  • Publisher ‏ : ‎ Simon & Schuster; First Edition (January 13, 2004)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 368 pages
  • ISBN-10 ‏ : ‎ 0743255453
  • ISBN-13 ‏ : ‎ 978-0743255455
  • Item Weight ‏ : ‎ 1.3 pounds
  • Dimensions ‏ : ‎ 6.25 x 1 x 9.25 inches
  • Customer Reviews:
    4.5 4.5 out of 5 stars 317 ratings

About the author

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Ron Suskind
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Ron Suskind is the author of the New York Times bestsellers The Way of the World, The One Percent Doctrine, The Price of Loyalty, and A Hope in the Unseen. From 1993 to 2000 he was the senior national affairs writer for the Wall Street Journal, where he won a Pulitzer Prize. His newest book, Life, Animated, chronicles his son Owen's struggle with autism and the way in which the family used Owen's affinity for Disney to connect with him. He lives in Cambridge, MA, where he is Senior Fellow at Harvard's Safra Center for Ethics.

Customer reviews

4.5 out of 5 stars
317 global ratings

Customers say

Customers find the book insightful, interesting, and revealing. They describe the content as heartbreaking, courageous, and frightening. Readers also say the index alone is worth the price of the book.

AI-generated from the text of customer reviews

26 customers mention "Insight"21 positive5 negative

Customers find the content interesting, illuminating, and honestly told. They describe the book as riveting and well-delivered. Readers also mention it provides great insight into the Bush administration.

"...his two years at the helm of Treasury is "The Price of Loyalty", a fascinating albeit frightening glance inside the meeting rooms, the in-boxes, and..." Read more

"...Ron Suskind's account offers an interesting look into the life of Paul O'Neil, and into policy matters and Washington decision making, quite aside..." Read more

"...The quality of the information, the writing and the presentation are worth the price. The index, alone, is worth the price of the book...." Read more

"...as generals leading their troops etc - but the content in it is very interesting and unavailable anywhere else...." Read more

5 customers mention "Heartbreaking"5 positive0 negative

Customers find the book heartbreaking, courageous, and frightening. They say it's well-written and compelling.

"...seems to blow whichever way the last person to speak is blowing, is compelling...." Read more

"...In fact, I found it quite dispassionate and reasonable...." Read more

"This is without a doubt one of the most revealing and breath taking accounts of how the Bush Administration works...." Read more

"Heartbreaking, courageous, and frightening...." Read more

4 customers mention "Value for money"4 positive0 negative

Customers find the book valuable and say the index alone is worth the price.

"...The quality of the information, the writing and the presentation are worth the price. The index, alone, is worth the price of the book...." Read more

"...making that kind of statement. It's good, and interesting, and valuable, but its bias destroys some of its value...." Read more

"...I believe the illustration of good decision making is worth the price of the book...." Read more

"...In fact, I found it quite dispassionate and reasonable...." Read more

3 customers mention "Character development"3 positive0 negative

Customers find the book's character development wonderful. They say it reinforces the impression of a man of dignity, honesty, and courage.

"...Mr. Suskind did a wonderful job of capturing the character of the man during his two years in the White House. Why 4 1/2 stars?..." Read more

"...during the time he served, and reinforces the impression of a man of dignity, honesty, and courage. Recommended reading." Read more

"...O'Neil comes across as a pretty conservative, respectable guy as well, so it's a bit more believable than something that might have a liberal..." Read more

Top reviews from the United States

Reviewed in the United States on December 3, 2010
"Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman."-- Louis Brandeis, Associate Justice, U.S. Supreme Court, 1913

The White House of George W. Bush, as described by former Treasury Secretary Paul O'Neill--former CEO of Alcoa Inc.--is a world out of kilter, a study of politics over policy, of a Presidency woefully out of touch with people, and painfully neglectful of it constitutional mandates. Policy decisions are determined not by carefully weighing the subtle complexity of the issue's and thoughtful debate; rather, they're dictated by a small cadre of conservative ideologues and political advisors, including Vice President Dick Cheney, Political Advisors Karl Rove, Karen Hughes, and National Security Advisor Condoleezza Rice, all of whom operate outside the scrutiny of top cabinet officials.

President Bush despite his folksy deportment, or perhaps because of it, is according to O'Neill's observations, not a fully engaged administrator but an enigma. A poker-faced man who is, at best, is guarded, but at worst, is regrettably uncurious, unintelligent and a mere puppet, dancing as it were, at the behest of his Republican handlers.

Written in collaboration with Pulitzer Prize-winning author, journalist, and documentarian Ron Suskind, O'Neill provided extensive documentation including work schedules with 7,630 entries and a set of 19,000 documents that featured memoranda to the President, thank-you notes, meeting minutes, and voluminous reports. Paul O'Neill has an interesting pedigree. A well respected and learned economist from the days of Nixon and Ford, at the behest of Cheney he agreed to return to a Washington (from retirement) that is inestimably more cutthroat, partisan and increasingly dysfunctional.

The result of O'Neill's first hand retelling of his two years at the helm of Treasury is "The Price of Loyalty", a fascinating albeit frightening glance inside the meeting rooms, the in-boxes, and the minds of the now infamously guarded Bush administration. As one might expect the majority of the book, as told by the former Treasury Secretary, revolves around economics. But even the average American, not normally stimulated by the intricacies tax code, and economic & monetary policy, will be fascinated--as I was--by the highly charged, lighting-quick intellects of O'Neill and Federal Reserve chairman Alan Greenspan as they gather for regular policy setting breakfasts. The met in an attempt to chart a course of sanity for economic policy within the Bush Administration, and tried to stave off, or at least moderate the administration rush into ill-conceived tax cuts.

One might be given to conclude that a fair amount of the book is about circumstances O'Neill only had second-hand knowledge of, or could at best only postulate. But he's close enough to halls of federal power to know that there is something disturbing going on within the Bush administration's power structure. And he was close enough to make certain revelatory assertions, the most revealing of which is that Saddam Hussein was targeted for removal not in the aftermath of 9/11, but soon after Bush took office.

The dramatic, unfolding narrative within the pages of "The Price of Loyalty" is like no other book that has been written (or that I have read) about the Bush presidency. O'Neill is the only member of Bush's innermost circle to leave (Richard Clarke notwithstanding) and then to agree to speak frankly about what has really been happening inside the White House. At its core "The Price of Loyalty" is a candid assessment of former O'Neill's, two years as the administration's top economic official, a principal of the National Security Council, and a sometimes tutor to the new and largely ignorant President.
O'Neill's account of the enigmatic Bush Administration is supported by Suskind's interviews with many participants in the administration, by transcripts of meetings, and by capacious documents that cover most areas of domestic and foreign policy. Most of these were supplied, as I mentioned above, by O'Neill himself. The resulting tome is a sometimes dry, but oftentimes riveting exposé of a President woefully out of touch with the people he was elected to govern, and it serves as an unparalleled look into an ongoing presidency.

New York Times Book Reviewer- Michael Tomasky had this to say about the book, "[T]he news-cycle controversies have obscured the book's central, and important, thesis....What enriches THE PRICE OF LOYALTY, aside form the accretion of persuasive detail, is its assertion that in this administration, a time-honored notion of public service has been deeply corrupted....[W]hether O'Neill was a brilliant Treasury secretary or a mediocre one, he did regard the public trust as a sacred matter, and the case THE PRICE OF LOYALTY makes about the debasement of the policy process is a strong one."

I must say that I agree with that Tomasky's analysis. Any American with a notion to know what is going on inside their government should read the "The Price of Loyalty". Republicans of course will shy away calling the book "Bush Bashing," but any citizen interesting the in well being of the nation should give it a read. Democracy depends on an informed citizenry who put country above Party, in order to survive. Though a lifelong Republican, Paul O'Neill put his country above his Party, so that we the average American could understand the depths to which our government is no longer answerable to We The People.
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Reviewed in the United States on February 8, 2004
I am currently reading, in addition to this, two other books that deal with the current Bush adminstration. These others are "American Dynasty" by the well known old liberal, Kevin Phillips and "The Sorrows of Empire" by the well known socialist and pinko "fellow traveler", Chalmers Johnson. This book, The Price of Loyalty, is written by a former reporter for that ever-bleeding-heart rag and bastion of populism and liberal politics, The Wall Street Journal :-). As most observers who have watched the unrelenting attacks, by our suddenly far-right-wing dominated Presidency, Congress and Supreme Court, on fiscal responsibility, civil rights, and any semblance of rational democratic process knows by now, this has been the most ideological and destructive administration the American people have ever experienced. I pray that we are not so far down the channel that leads to right-wing dictatorship that our ship of state cannot be turned. However, given the abandonment of its watchdog role over, and indeed the unbridled collusion of corporate media with, the forces that threaten our democracy and are rapidly undermining the ideals and values upon which this country was founded, Suskind, O'Neil and I are very fearful that the America we have always known is a thing of the past. Benjamin Franklyn, as he exited Constitution Hall at the end of that Miracle in Philadelphia, when asked "what kind of government have you given us, Dr. Franklyn?" is supposed to have replied, "A republic, sir, if you can keep it!" Suskind and Paul O'Neil, along with a few other Bush administration officials who felt their loyalties lay not with the small cabal of right wing ideologues manipulating and controlling the weak and mentally lazy, governmentally incompetent Geo. W. Bush - and through him and an ever more subserviant Congress and acquiesant Supreme Court the levers of government for the benefit of the few - but with a true reading of the constitution and the governing precedents and processes that guided many generations of American statesmen and elected officials. O'Neil's interviews with Suskind and his release of a spider's nest of Bush-damning documents, should, all by themselves, be sufficient to create a firestorm of reaction in this country. But when this book is combined with the other recent indictments in the public record of this adminstration, its overweening arrogance and misgoverning based all too often on the manufactured "gut feeling" of a president who makes the average adolescent seem thoughtful and responsible, it is unbelievable that our elected representatives of both parties are not crying for impeachment. Where are the American statesmen who once were the guardians of our constitution and the values that long made this country and our government a beacon of light and hope to all the world? Unfortunately, they have morphed into Tom Delay, John Ashcroft, Donald Rumsfeld, Karl Rove, and the weak and craven Colin Powell. I fear that this book, along with the other titles I have mentioned, will be among the first books burned under our new Bushian order. Suskind and O'Neil are true patriots. Such men are usually the first to face the firing squads of the Pol Pots and similar tyrants of our modern world. A great book, but one that may put your life at risk to own. wfh
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Top reviews from other countries

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Quasimodo
5.0 out of 5 stars Secrets of the George W. Bush White House revealed.
Reviewed in the United Kingdom on November 13, 2013
This book provides a public account of the infighting, jealousies and intrigue within George W. Bush's administration and the Republican Party.
Yanick Larose
4.0 out of 5 stars Fascinating book
Reviewed in France on December 13, 2012
Gives some extraordinary insights into the live in the white house, and the workings of the US government.
Easy to read, and very interesting study ot both politics and economics.
dolphin
5.0 out of 5 stars 一読の価値あり
Reviewed in Japan on December 30, 2004
オニール長官は、とにかく多忙というイメージだったが、いつのまにか消えてしまった、その背景を本書は解き明かしてくれる。
本書は分量はあまりないし、オニールの仕事も、アフリカ方面福祉等?な内容のものがかなりを占める。それは、彼が最初から政権内で孤立しており、次第に干されていったことと平仄があっている。
それではオニールは何もしなかったかというと、課税政策で影響力を示したほか、企業改革法SOXのCOE宣誓ルールの導入に非常に積極的であったという。評者は同ルールの意義に懐疑的であるが、財務長官就任前アルコアCOEを勤め、古き良き米国的経営者でありながら今日でも通用する競争性を備えたオニールの発案であったことを知り、意外と思うと同時に、考え直してみたいと思った。
なお、「セイビングザサン」が名訳だったので、翻訳者名から本書をヒットした。本書の翻訳もすばらしいことを申し添える。
BAC
4.0 out of 5 stars Fascinating, scarey, essential reading
Reviewed in the United Kingdom on March 4, 2004
Some of this book is pretty dry stuff about the American economy, but you can skip that. The rest is a mesmerising and depressing account of how the clever and expert Paul O'Neill was shut out by the Bush administration - and just how deeply, deeply weird that administration is. What happened to O'Neill will be horribly familiar to anyone who's ever found that their face doesn't fit at work - but this is the top echelon of the most powerful country in the world. Who is George Bush? What makes him tick? O'Neill never found out and at the end of the book you still won't know, but he scares the hell out of me. In Bush's FIRST foreign affairs meeting after taking office in 2001(eight months before 9/11) he started talking about removing Saddam, and some official produced a load of photos of 'WMD sites'. Anyone who cast doubt was ignored or pushed aside...
三樹
4.0 out of 5 stars Be sure to read O'Neill's book, if you have not.
Reviewed in Japan on February 15, 2004
TBSテレビ、「CBSドキュメント」で紹介されていたので、つい買ってしまいました。
主題は「歴代大統領と学生秘密結社」と、珍しく新聞番組欄に掲載されていて、それにつられて見ていたのですが、連絡遅滞のせいかどうか緊急に番組が変更されていました。
緊急と言うのは、この番組がアメリカで放映されたばかりと言うのでもうかがえるます。アメリカではかなり反響があり、各メディアがとり上げ、ベストセラーにもなったといいます。
ちなみに、この番組の主題は「ブッシュの戦争の真実」。
彼が経済省長官として仕事をし、あの副大統領のディック・チェイニーによって解雇されたいきさつから、内部告発本と言われています。
Be sure to read O'Neill's book, if you have not.