Word: carterized
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Dates: during 1980-1989
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...unusual. Starting with Franklin Roosevelt, TIME'S sixth Man of the Year, every President except Gerald Ford has been designated, most often as President-elect, since almost by definition anyone who enters and wins a U.S. presidential election dominates the year's news. Ronald Reagan, Jimmy Carter and Franklin Roosevelt were all chosen in their election years; Lyndon Johnson in 1964 and Harry Truman in 1948 were both Presidents and Presidents-elect, since they had succeeded to the office through their predecessors' deaths. Johnson was named twice (again in 1967), as was Richard Nixon (previously...
...Soviets initially did not believe that Reagan meant what he said. In 1980 they actually seemed to welcome his election. They had by then become fervent members of the Anybody-but-Jimmy-Carter Club, voicing criticisms that might have been taken from Reagan's campaign speeches: Carter was so vacillating and unpredictable that no one ever knew what he might do. Moscow at that point viewed Reagan as a standard Republican conservative whose more strident anti-Soviet proclamations were just campaign oratory. The Soviets recalled that Richard Nixon had won political prominence by talking stern antiCommunism, but in the White...
Shortly after Reagan took office, though, the Soviets concluded that they had been wrong about him. Americans often remark that Reagan's bark has been worse than his bite. After all, he lifted the embargo that Carter had clamped on U.S. grain sales to the Soviet Union following the invasion of Afghanistan and proposed only mild and ineffectual economic sanctions in response to the imposition of martial law in Poland. But the Soviets have come to take Reagan at his word. Says a Kremlin specialist on American affairs: "With Carter, it was always interesting to read a speech...
...increasing its already massive superiority over the NATO countries in tanks and artillery. Any U.S. President elected in 1980 would have had to continue and enlarge the counterbuildup that Carter had already begun...
Differing sharply with Reich was the Brookings Institution's Charles L. Schultze, President Carter's chief economist. Any attempt at industrial policy, said Schultze, is more likely to do harm than good. While he approved Government support of research and development and Government-financed job-retraining programs, Schultze warned that a "coordination" program would almost surely increase protectionism and unwarranted subsidies. Said he: "A Government agency that explicitly tries to sit there and say, 'The cotton industry can live but the wool-textile industry will die' or 'The Youngstown steel plant can be rehabilitated...