Word: feldstein
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...first, Speakes responded to questions about Feldstein's career with some care. Asked whether or not the Chairman would be asked to resign. Speakes replied, "I do not think they will actually ask him to resign, I don't think they will ask him face to face." But then the secretary revealed that he thought Feldstein had been excluded from a high level economic luncheon that was going on at the time. When a reporter noted that Feldstein was in fact in attendance, Speakes gallantly sent an aide to find out why. When the aide returned, Speakes read his note...
What's going on with Feldstein is, in fact, a rather simple matter. Feldstein feels that the Administration must stick to the 1984 fiscal tax plan, which proposes a series of small tax increases for 1984 through 1987 in order to decrease the deficit. Although the long range plan has been met with some support on Capitol Hill, it is nevertheless losing backers within the Administration itself, who steadfastly oppose any tax hikes. Feldstein's mistake seems to be that he has been vocal in his support of the plan, something which the administration does not savor. Disagreement has centered...
WHAT SPEAKES revealed in his embarrassing comments last Wednesday is, in fact, the very melee that Greider speculates about. Senior officials in the government deny that the President is thinking of firing Feldstein, but Speakes' comments must have reflected some ongoing controversy within the Administration. Was Speakes actually told to make embarrassing remarks to pressure Feldstein into resigning? If Reagan intends to put security clamps on his own officials, he might want to start with his press secretary. Unless, of course, he would rather wait until his economic indiscretions start speaking for themselves. Jonathan S. Sapers
WHEN Labor Secretary Raymond Denovan, EPA Chief Anne Gersuch Burford, and Secretary James Watt each embarrassed the Reagan Administration with immoral acts and statements, the immediate impulse of the chief executive and his sides was to rush to the defense of the offender. Martin S. Feldstein '61, chairman of the council of economic advisors, has made no grating gaffes and has taken no illegal actions. But he has publicly disagreed with the incredible claims of his boss, and independent thought appears to be the one crime the Administration cannot stand...
...press conference earlier this week, White House spokesman Larry Speakes was asked whether Feldstein would be let go. Mispronouncing the name of a man he has worked with for 15 months. Speakes said the economic chief would not be asked "face to face." He jokingly wondered why the chairman was invited to a lunch to talk about the budget and snidely asserted that Feldstein might not "make it to dessert." Richard G. Darman, another White House aide joined the baiting when he sent Speakes a note during the conference implying the meal was the chairman's "last supper." Though Reagan...