Word: grips
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...fiscal 1983 revenue, the deficit is expected to be as high as $150 billion.) "For a conservative President like me to have to put his arms around a multibillion-dollar deficit is like holding your nose and embracing a pig," the President admitted. But the way to get a grip on the "slippery" deficit, he declared, was to raise revenues. It is "the price we have had to pay" to get more spending cuts through Congress. Reagan placed the blame on past Administrations, declaring, "If I could correct 40 years of fiscal irresponsibility in one year...
This year Timberland made another advance on the advertising front with a poll of "worldclass sailors" that claimed to show overwhelming preference for its shoe. Crowed the headline: 151 WORLD-CLASS SAILORS PROVE SPERRY TOPSIDER IS LOSING ITS GRIP. Meanwhile, Timberland is happily handing out reprints of a Playboy "Fashion Guide" interview in which Conservative Columnist William F. Buckley Jr., a transatlantic sailor who always tries to put his right foot forward, calls Timberland's product "the world's most comfortable shoe." To prove that Timberland's popularity cuts across political lines, the accompanying letter notes that...
...made a bland statement noting with approval the possiblity of Electoral Tribunal changes (that body has long been stacked with Torrijos appointees) and ministerial resignations. Nonetheless, Royo's resignation, said the parties, revealed the "incapacity" of Panama's National Guard-dominated political system. The guard's grip on that system is likely to become, if anything, more blatant in the future...
...mystique of Kennedy liberalism, in short, continues to haunt White's heart, but it has finally loosened its grip on his political intellect. Specifically, White says, his old heroes' spending helped cause nearly uncontrollable inflation; their broken promises of a glorious international role contributed to the humiliating loss of confidence in American power that reached its nadir with the Iran hostage crisis. White pinpoints those trends--economic aimlessness and national impotence, along with the increasingly potent reign of television--as leading America to its conservative backlash of 1980. That landslide, to White, was the ultimate repudiation of impotent Democratic goodwill...
...sometimes called the supreme court of finance, has long been a subject of swirling controversy. In 1975, during a deep recession, Democrats in Congress charged that the board's chairman, Arthur Burns, who served from 1970 to 1978, had made the downturn worse by keeping too tight a grip on the money supply. His successor, G. William Miller, was attacked with equal vigor later on for the opposite reason: pumping too much money into the economy during the Carter years and thus fueling inflation...