Word: clout
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...Reagan Administration is decidedly cool toward industrial policy. Edwin Harper, a White House aide for domestic issues, calls it "backdoor protectionism.' Trade Representative Brock is fearful that too much Government aid would go to established industries with political clout and not enough to fledgling companies. Says he: "We run the risk of freezing ourselves as we are and losing the opportunity of being what we can become...
...second letter went to Senators Charles Percy and William Cohen, both Republicans, and Sam Nunn, who carries considerable clout on military matters with his Democratic colleagues. Their major interest was to get the President to endorse the idea of a "build-down" in nuclear missiles. As outlined by Cohen in a newspaper article last January, this plan would have each side dismantle two existing warheads every time it deployed a new one. Reagan liked the idea so much that he called the surprised Cohen to suggest that the concept be refined...
Without any offensive clout Harvard turned to a familiar weapon: the pitching of Gerri Rubin...
Reich's industrial policy is attractive in the abstract, but critics charge that it would face pitfalls in practice. For one thing, the bulk of Government aid is likely to go to old industries with great political clout (steel or autos) rather than to emerging ones (computers and robotics). This has often been the experience in Europe. Says Michael Wachter, an economic adviser to President Carter: "France and Germany have made their hi-tech sectors weaker with government help. Those industries become more dependent on their governments for support, and the help proves to be something negative, not positive...
...demonstrate that it has much influence over the policies of the Begin government. Habib was still in Jerusalem two weeks ago when the Israeli Cabinet decided to build eight new settlements, some in heavily populated Arab areas. But the most glaring symbol of American lack of clout is Lebanon, where the U.S. has struggled without result to get a withdrawal agreement satisfactory to Israel. Said a Jordanian politician: "If the U.S. cannot push the Israelis out of Lebanon, why should anyone believe it can get them out of the West Bank...