Word: stockman
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Republican Senator William Roth, coauthor of what he prefers to call the Roth-Kemp tax act, joked that he had invited Stockman to a Thanksgiving dinner at which the menu would include "Trojan horse pâté, Château Hemlock '81, trickle-down consommé and foot-in-mouth filet." After dinner, said Roth, Stockman would be "offered a blindfold and a cigarette." Actually, Roth was furious at Stockman's remarks about supply-side economics, saying, "I'm outraged...
Such Republican criticism of Stockman will, of course, hurt him more than Democratic sniping. "He has substantially impaired his usefulness," contended Republican Senator Robert Stafford of Vermont. "To have him as his chief spokesman sure isn't going to help the President." Agreed Maryland's Republican Senator Charles Mathias: "I think this is terribly damaging to the President. Stockman was such a central figure...
Within the Administration, some advisers insisted that Stockman had never expressed many of the reservations about the Reagan economic policies that he had conveyed so freely to Greider. Said one presidential aide: "It came as a complete and utter surprise. This is just not Reagan team play." Asked a Treasury official: "How can you trust a guy like that again? Everywhere we go, we're going to have to live with what he did." Argued one Administration economist: "He's destroyed the President's credibility and his program, whether he goes or stays...
...keep his job. Warned one official: "He's got about a week or maybe two before another decision will have to be made." Predicted another top aide: "He's going to bleed to death." Already there was talk in the White House about finding a replacement for Stockman. That, however, will not be easy. Shaky as those elusive budgetary numbers may be, not many people have so firm a grasp on them as has David Alan Stockman...
...remarks that forced Office of Management and Budget Director David Stockman to offer his resignation to President Reagan appeared in a 24-page article in the December issue of the Atlantic Monthly. Among Stockman 's striking comments...