Word: steels
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Dates: during 1980-1989
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...just the kinds of Government interference in the free market that Ronald Reagan has spent his political career decrying-and condemns nowadays when they are advocated by Walter Mondale. Yet last week it was the Republican President, not his Democratic opponent, who unveiled the relief programs for agriculture and steel...
...leverage that comes with incumbency. Mondale can only talk; the President can do. Indeed, Reagan exploits the political powers of the White House at least as well as any predecessor. He showed last week that it is more than a matter of handing out goodies to farmers and Big Steel. Whether in an Iowa field, on a street in Hammonton, N.J., or on the Waterbury, Conn., town green, he was highly visible but almost invulnerable. His handlers continue to limit his contact with insistent journalists and give him vague, breezy speeches to deliver to friendly crowds. His upbeat rhetoric...
Although Reagan's steel-import restriction plan does not involve direct Government expenditures, it will be costly: consumers will pay billions more for everything from automobiles to canned goods. Moreover, it may be a significant Administration nod toward protectionist trade policy (see ECONOMY & BUSINESS...
...Imported steel has now captured at least a quarter of the U.S. market. Steel companies and the United Steelworkers have lobbied for import restrictions...
...only two or three days a week, he tries to avoid addressing complicated issues or difficult audiences. His strategists prefer a succession of snapshots: Reagan amid a lift-off of 5,000 balloons in Waterbury last week, Reagan surrounded by smiling workers during a planned visit to an Akron steel plant this week. The idea is simple: just keep the jaunty President walking on the sunny side of the street...