Word: reaganism
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Dates: during 1990-1999
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Sentiment on GATT doesn't divide along partisan lines. Before the task fell to Clinton, the agreement was championed by Ronald Reagan and George Bush. Ranged against it now is a loose front that runs from labor unions, environmental groups and Ralph Nader to protectionist Senate Democrats like Ernest Hollings of South Carolina and Republicans like Phil Gramm of Texas. But Gingrich is a longtime GATT supporter who says he will make sure the agreement passes the House vote scheduled for Nov. 29. So the man who holds the cards is incoming Senate majority leader Bob Dole...
Liberals charge that dynamic scoring is a latter-day version of Reagan-era voodoo economics, a way of slashing taxes without making painful budget cuts. Says Tyson: "We have just gained, after more than a decade, some credibility with financial markets through the hard-won credibility and sanity of our fiscal policy. This is not the moment to change." But Republicans argue that they have an example of how dynamic scoring could have predicted failure: the luxury tax of 1990, which produced disappointing revenues because it crushed the boat industry...
...eking out slim Congressional approval of a new world trade treaty, but today, giving a last-minute bipartisan boost to the cause, President Clinton threw a White House pep rally showcasing prominent Republican and Democratic supporters. Flanked by Bush Administration Secretary of State James Baker and James Miller, Ronald Reagan's Budget Director, Clinton said theGATT agreementnot only tears down significant trade barriers, but "also bulldozes differences of party, philosophy and ideology." Driving the point home, the White House released a pro-GATT letter signed by Presidents Ford, Carter and Bush.Passage of the treaty on the House floor is expected...
Clinton did understand these facts as he campaigned for the presidency in 1992. He preached against the unfairness of the Reagan years, which provided tax breaks for the wealthy. His mantra was that people who "work hard and play by the rules" were getting worked over by pols who played around with the rules. But once in office, Clinton seemed not so much a friend of the working class as a captive of the economic and cultural elites. Most disastrously for the Democrats, he failed to understand that the most powerful expression of middle-class economic anxiety is an insistence...
...much of it." While many of the potential candidates can raise modest amounts of money, Dole is one of the few who can garner the $20 million necessary to take him through the early primaries without mortgaging his house. His failures in 1980 and 1988 may actually help. Ronald Reagan and George Bush showed that Republican voters like to reward candidates who have the gumption to run again after losing previous efforts. Dole's acerbic tongue has earned him a reputation for being mean-spirited, but his support for the less fortunate is genuine. During a 1988 Republican debate, when...