Word: budgeted
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Dates: during 1980-1989
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...issue has caused a split among Detroit automakers. Chrysler Chairman Lee Iacocca applauds the increase proposal and calls a reduced budget deficit "good for the whole country." A tax increase could hurt Iacocca a bit less than his Big Three rivals, since Chrysler's fleet of mostly midsize-and- smaller cars gets an average of 27.5 m.p.g., vs. 27.2 for General Motors and 26.6 for Ford. GM Chairman Roger Smith has denounced a higher gas tax as "cruel" and "unfair" and argued that it would dampen auto sales. Ford has straddled the fence. Vice Chairman Harold Poling said his company...
...could make the White House work again. Was he serious about fighting those nasty special interests? He broke the strike by the Professional Air Traffic Controllers' Association and obliterated the union. Would he tame the Kremlin? He put Moscow's bargaining feelers on hold while pumping up the Pentagon budget to gargantuan proportions. Though the process often seemed serendipitous, depending heavily on events in Moscow, Reagan eventually presided over a microwave warming of relations with the Soviet Union. No one can be sure how genuine or durable the thaw will be, but it has helped Reagan enormously. With the Intermediate...
...important, he supported the harsh restraints already being applied by the Federal Reserve Board under Paul Volcker. Inflation succumbed, at last, to the thumbscrew treatment after Reagan waited out the most severe recession since the 1930s. This painful therapy, together with the borrowing binge required to finance the budget and trade deficits, produced the economic expansion now in its seventh year. Today, with unemployment at a 14-year low of 5.3% and inflation at a tolerable 4.4%, Reagan has a shield against charges that his economic accomplishments rest on quicksand. When asked about the intractable pathology of the underclass...
...Teflon factor that ostensibly insulated Reagan from the penalties for his weaknesses and mistakes. This complaint ignores some large facts. No Teflon protected Reagan's approval rating during the 1981-82 recession or the Iran-contra debacle. Moreover, commentators have shouted themselves hoarse warning about the dangers of the budget deficits...
...large following among those beholden to him for jobs, education and health care. Many of the area's poor people regarded him as something of a Mexican Robin Hood. The enmity between Salinas and Hernandez dates back to the President's tenure as Secretary of Planning and Federal Budget in the administration of Miguel de la Madrid Hurtado. At that time, Salinas accused both the oil union and Pemex, the state oil company, of inefficiency...