Word: bentsen
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...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...
...haven't heard the word protectionism for months." By contrast, he said, the previous two years had been "among the most difficult in the U.S.-Japanese relationship since the end of World War II." In Washington, even Congress's Joint Economic Committee stopped growling. Texas Senator Lloyd Bentsen, committee chairman, conceded that Japan, under U.S. pressure, had "begun to peel away" the cocoon of import regulations it had spun to protect its domestic industry from foreign competition...
...certain distance. "I pick my friends carefully," he says, "watching them for a long time before I commit. I'm aloof, I know that. I have very few close friends." Connally's temper is sharp, his sense of loyalty demanding. He has barely spoken to Texas Senator Lloyd Bentsen Jr., long a close friend, after Bentsen did not testify as a character witness in the milk trial...
...Senator Bentsen last month introduced six bills to boost productivity. They would, among other things, allow more rapid tax depreciation of R. and D. projects leading to innovations that are ultimately patented, and permit a 10% R. and D. tax credit for small firms. Stressing that the Carter Administration has been dilatory in proposing remedies, Bentsen admits that his bills "are not glamorous solutions. But they could increase productivity, and that would translate directly into less inflation and rising paychecks...