Word: giaimo
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Dates: during 1970-1979
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Carter may not even be able to stimulate the economy when he wants to; the choice is not entirely his. Many members of Congress continue to regard inflation as enemy number one. Says Bob Giaimo, chairman of the House Budget Committee: "Some Democrats are talking about incentives and stimulants. I don't think they're reading the tea leaves right." Carter may also find the Federal Reserve balkier than before. Its new chairman, Paul Volcker, is a more determined inflation fighter than his predecessor, William Miller, who is now Treasury Secretary...
Older hands noted that as these and other decisions were being made in the caucus, the newest members took little part. They apparently had come to learn, rather than to upset things. Connecticut's Bob Giaimo, chairman of the influential House Budget Committee, watched with admiration. "The newcomers are learning the ropes, not taking the lead," he noted. "The reform spirit is not in them...
...When Giaimo opened the House debate two weeks ago, declaring that "congressional restraint is imperative," the first stiff challenge came from a fellow Democrat, New York's Samuel Stratton. He wanted to add $2.4 billion to the proposed defense budget of $115.7 billion (compared with this year's Pentagon budget of $110.1 billion). In private, Giaimo had pleaded with Stratton: "Look, if you put your amendment in, you're playing into the hands of those who want to defeat the budget resolution. Leave it alone." But Stratton would not budge. Fumed Giaimo: "How the hell...
...along, Giaimo had counted on not receiving any G.O.P. votes for his overall budget resolution. He even expected that he might be defeated and forced to start all over again. But on the final vote, three Republicans unexpectedly supported him, and that gave him the victory...
Over scrambled eggs and bacon at the White House last Thursday morning, Jimmy Carter broke some important news to the chairmen of the congressional budget committees, Senator Edmund Muskie of Maine and Representative Robert Giaimo of Connecticut. Said the President: "I think it's wise to go along with a lower...