Word: digit
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Dates: during 1980-1989
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...local votes, the candidates are debating a thousand points of personality and parochial concerns. But on every husting, one national issue is dominating all others: the state of the recession-ridden economy, and especially the 10.1% unemployment rate. Democrats everywhere are seeking to pin the blame for double-digit unemployment squarely on Reagan. On national TV, the President last week took the issue headon, an action he had been avoiding. In a sober address from the Oval Office that was considerably more effective than his stump speeches on behalf of Republican candidates, Reagan attempted to assure the voters...
Reagan seeks to defuse the double-digit unemployment issue...
Arkansas G.O.P. Chairman Bob Cohee sees it differently: "I don't think 10% is any magic number." In Michigan, which has had double-digit unemployment since 1980 and is now first in the nation at 15.9%, State G.O.P. Chairman Mel Larsen predicts, "I don't think it's going to have that big an impact here. The rest of the country is just catching up to us." But Yale University Political Scientist Edward Tufte suggests that the issue could cost Republicans as many as 40 congressional seats next month. Says he: "Local factors like personality are Important...
...like Richard Zambell, chief economist of the BancOhio National Bank in Columbus, expect that the current rapid growth of the U.S. money supply (an annual rate of 14.8% in the past month) will force the Federal Reserve Board to tighten credit. Argues Zambell: "To prevent a return to double-digit inflation, the Fed will have to push interest rates sharply higher by year...
...Treasury Secretary Donald Regan, Budget Director David Stockman and the chairman of the CEA. In weekly break fast meetings of the group, Feldstein has managed to hold his own in even the most esoteric of budget debates with Stockman, who possessesa daunting reputation for his deft handling of twelve-digit numbers. Feldstein's tactic: offering historical comparisons backed up with specific statistics, a device that Stockman has also used with success in policy disputes. Says Treasury Secretary Regan of the meetings: "Marty gives Dave a run for his money. If we're talking about the rates of real...