Word: democratics
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Dates: during 1970-1979
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...dedication to and understanding of science, rather than belief in any specific political philosophy, that has compelled him to become a social activist. He admired Salvadore Allende's Marxist government but says, "I don't know what communism or socialism mean anymore. I've been a registered Democrat without satisfaction," adding, "My route is science...
...bill's defense last week, Carter argued that it would cost only $15 million a year, v. $10.4 million for the 13 existing consumer offices. Said he: "It is a tiny amount, but very, very important." Yet even as staunch a supporter of the proposal as New York Democrat Benjamin Rosenthal has challenged the President's arithmetic. The first year's costs could be $25 million, and could rise in succeeding years. The consumer protection agency looks very much like an idea whose time has passed...
Triffin's views are echoed by other critics. Congressman Henry Reuss, the influential Wisconsin Democrat who heads the House Committee on Banking and Finance, argues that the IMF should take over more of the burden of lending to LDCS from private U.S. banks. FRB Chairman Arthur Burns called on American banks to take a hard look at their overseas lending policies. Burns spoke of borrowings "that are uncomfortably large in relation to the debt-servicing capabilities of many countries...
Just how close are Burns and Carter? Liberals fear that they might be turning into the political Odd Couple of all time-Carter the grinning lifelong Democrat; Burns the somber, smoke-wreathed Republican. Burns, after all, was Dwight Eisenhower's chief economic adviser, Richard Nixon's Counsellor and, though theoretically removed from politics when he was named Federal Reserve chairman in 1970, a close confidant of Gerald Ford's. During the campaign, Candidate Carter rapped Burns' Federal Reserve for its conservative monetary policies. He also made much of a proposal to make the term...
...than in some objective measure. Republican Alan Greenspan, chairman of Ford's Council of Economic Advisers, believes that Burns "has done an extraordinarily effective job, especially in the economic and political environment of the last several years." On the other hand, Brookings Institution Economist Arthur Okun, a liberal Democrat who was Lyndon Johnson's chief economist, assesses Burns' performance harshly: "There is no way to exonerate monetary policy from the disastrous economic performance of the last six years." It is a measure of the Chairman's skill as a Washington power and survivor that...