Word: stockman
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...Supply-side economics means different things to different people--especially David Stockman," economist Alan Reynolds, a supply-sider, told an audience of 25 last night in a talk sponsored by the Harvard-Radcliffe Conservative Club...
...proverb, but nothing guaranteed it would work. Too much American dream, and not enough Studs Terkel, its ideal viewpoint pictured the sort of workplace the country could be, without the realities progress to that state would encounter. The numbers never did add up, and that's what made David Stockman so important. His mission as director of the Office of Management and Budget was to convince an incredulous public and Congress that the numbers would add up even if it didn't look that way. His responsibility clear from the outset, he had to subdue all apprehension that the president...
What shocked readers of the December issue The Atlantic Monthly, on and off Capitol Hill, was not what Stockman said in his interviews with William Greider, but the candor with which the budget director conceded that his administration's supplyside policies did not merit the credibility they had heretofore garndered...
...growing steadily disillusioned with the politics his role in the Reagan White House has made him partisan to. He questioned the ethics of doctoring the forecasts produced by the OMB's economic model. "None of us really know what's going on with all these numbers," Greider quotes Stockman as saying, a rather serious admission for anyone working in economics, let alone the chief architect of a revolutionary fiscal policy. Reagan's opponents have certainly made the most of the opportunity Stockman's indiscretions offered them; but neither the voices of anger or mirth can hide certain forlorn echoes. Stockman...
...effort to aid the wealthy. So far, bamboozelement--the extraordinary ability of our president to get millions of Americans to send telegrams, for instance--has enticed the mass to fight against its own interests. Now they must turn to face Reagan and the battle must be joined. Stockman's candor, like one loose thread in a beautiful sweater, provides the perfect opportunity for unraveling the deceit and sophistry that have characterized the administration's program...