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...urgency of the anti-inflation fight requires that we defer such tax reduction at this time." Thus the Administration's guns-plus-butter spending program is being paid for by still heavier tax loads. Says Republican Congressman Barber Conable: "That's the Carter strategy: to balance the bud get by tax up-creep." The President's skillfully crafted election year strategy of higher federal spending combined with steep taxes, however, could still be upset by howling taxpayers on the verge of revolt...

Author: /time Magazine | Title: Business: A Budget of Two Big Rises | 2/4/1980 | See Source »

...decision to boost defense spending was one of the most dramatic changes in the presidency of Jimmy Carter, who once vowed to reduce the Pentagon's bud get. Said Carter: "Regardless of other disagreements, we are united in the belief that we must have a strong defense." By increasing military spending, he simulta- neously improved chances for the passage of SALT...

Author: /time Magazine | Title: Nation: Getting Tougher | 12/24/1979 | See Source »

Maybe some snappy marketing ideas, but usually not many grand plans. Yet today Bud Grossman, neat and bland at 58, is the Minnesota Money Machine...

Author: /time Magazine | Title: Executive View: Ideas Are All We Have | 12/3/1979 | See Source »

...looks like a schoolteacher, and he really wanted to become a political science instructor, but he drifted into Dad's Chevy dealership in Hopkins, Minn. So what can one expect from an auto salesman named Bud...

Author: /time Magazine | Title: Executive View: Ideas Are All We Have | 12/3/1979 | See Source »

Putting back some humanity can also help efficiency. After only 90 days on the job, every new headquarters employee at Gelco has to be comprehensively interviewed: How do you like what you are doing? What can we do to make your job better? Says Bud Grossman: "We are involving our employees in a lot more decision making. If we can push decision making down to the lowest level, we will do better." And it may well be that the whole economy will do better...

Author: /time Magazine | Title: Executive View: Ideas Are All We Have | 12/3/1979 | See Source »

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