Word: stockman
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Republican New Right is not happy with Reagan's Cabinet carpentry. Except for Stockman, the ultraconservatives have been completely shut out so far. Collectively, Reagan's choices announce louder than anything he has said that he intends to run a pragmatic Administration, one not bound by ideology, and the right wing is vocally dismayed. Said Richard Viguerie, a leading hardliner, accurately enough: "It's the kind of Cabinet Jerry Ford or George Bush would have assembled. I'm sick to my stomach. Reagan gave all the winks and signals that he was going...
Besides lacking New Rightists, with the exception of Stockman, the Cabinet also has no political figures with strong followings of their own. Paradoxically, that might be an advantage in the style of collegial leadership Reagan intends to bring to Washington: the Cabinet members will not feel themselves impelled to push the interests of outside constituencies. But even some moderate Republicans fear that the Cabinet might be short on imagination and bold strategy. The success of the Administration, therefore, may depend heavily on Reagan's sub-Cabinet selections, which are not expected to be announced before January...
...willingness to consider innovative approaches may be sorely needed. In their memo to Reagan, Stockman and Kemp raised the threat of "an economic Dunkirk during the first 24 months of the Reagan Administration." The Congressmen foresaw a multisided crisis: a new recession and rising unemployment brought on by skyrocketing interest rates; "hemorrhaging" federal deficits that would 'fan an already raging inflation; a "credit crunch" caused by excessive Government borrowing to cover the deficits, leaving little loanable money for businessmen and consumers. They also prophesied that unless the Iran-Iraq war ends speedily, world oil inventories will disappear by February...
When David Alan Stockman was asked to become Reagan's director of the Office of Management and Budget, he accepted with alacrity. It was, after all, a chance to put into practice the budget gospel that he had been preaching during his two terms as a Congressman from southern Michigan: cut, cut and slash, slash. His boss has promised to slice 2% from the $640 billion budget for 1981; Stockman may push for more radical surgery. Earlier this year, he advocated abolishing federal revenue sharing with cities and states, paring back federal job programs, freezing Medicaid payments, and reducing...
...friend says that Stockman, as Reagan's chief budget cutter, is resigned to being the "most unpopular man in Washington for the next few years." His manner is sometimes aloof and abrasive, but even critics admire his ability to marshal facts quickly and wield them to deadly effect during debates...