Word: stockmans
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...came into office, Reagan was not very interested in arms control. Preachers, professors and pundits have forced his attention. James Watt insulted the Beach Boys and was squelched by Nancy Reagan. When it appeared the President was forgetting about those suffocating $200 billion deficits, a memo from Budgetman David Stockman was leaked pleading for action lest the red ink extend...
...David Stockman, director of the Office of Management and Budget and a former Republican Congressman from Michigan, the only member of his auto-oriented state's delegation on Capitol Hill to vote against the bailout: "I'm not sorry about that vote. The issue was a type of Government assistance that cannot and should not be generally available to private industry in this country. I couldn't see the philosophical principle for it then...
After the session, Reagan's aides urged him to authorize discussions with O'Neill on such proposals. Later that day Reagan cornered the Democratic leader at a meeting with Congressmen in the White House family theater to promise that Stockman would work on a package. Reagan later characterized the huddle as "just two Irishmen plotting...
...secret discussions bore fruit last Thursday in a meeting in the Speaker's office that included O'Neill, Stockman, Democratic Whip Thomas Foley, Majority Leader Jim Wright of Texas and Presidential Aides James Baker, Richard Darman and Kenneth Duberstein. The $4.3 billion package, which will create only 125,000 new jobs, contains less than first meets the eye. It is mainly the acceleration of scheduled projects, and thus involves only about $700 million in new spending. But from a symbolic standpoint, it allows the Democrats to claim a victory for the jobless while allowing Reagan to meet...
MARRIED. David Stockman, 36, number-crunching Director of the Office of Management and Budget, and Jennifer Blei, 28, IBM sales representative; both for the first time; in Washington, D.C. Stockman will not handle the family budget, he says, because "I tend to round off numbers to the nearest billion dollars, and Jennifer says I lack sufficient attention to detail...