Word: bentsen
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Dates: during 1980-1989
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...Administration last week also appeared to be bending to House pressure for a major public works program, though any jobs that might be created would only provide aid for the economy next year, after the worst of the recession is likely to be over. Texas Senator Lloyd Bentsen, chairman of the Joint Economic Committee, criticized antirecession spending to create federal jobs. Said he: "Recent studies have raised questions about the timing of the program, its effectiveness in employing the unemployed, and its overall impact on the nation's economy." As the Western Europeans have shown, the best program...
...economic growth. The hottest topic among Washington economists is the "supply side" theory. It maintains that Keynesian policies placed too much emphasis on stimulating consumer and business demand and paid too little attention to stimulating the production, or supply, of goods and services. Supply siders, such as Senator Lloyd Bentsen and Michael Evans, the president of a Washington-based economic advisory service, propose tax cuts for business to spur investment rather than just tax relief for consumers to heighten spending...
...bring a recession this year. In their view, only a slump can curb inflation; if it does not occur, and prices keep skyrocketing, the economy may be headed for a real bust later. "The figures show that we are still probably not in a recession," said Texas Senator Lloyd Bentsen, chairman of the Joint Economic Committee, with disappointment clearly audible in his voice...