Word: weevils
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Dates: during 1980-1989
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...billion over the next five years. "Out of the blue . . . just doesn't make sense!" exclaimed Richard Rahn, chief economist of the U.S. Chamber of Commerce. Added Jack Albertine, president of the American Business Conference: "The Administration is gambling that business has to support the Reagan-Boll Weevil compromise. They're probably right." There were indications too that the Administration might restore some help to business...
...Boll Weevils refused to make any commitments. They told Baker and Regan that there was no consensus among Democratic conservatives and that they were hoping to support any compromise their party leadership could devise. So the Administration used Boll Weevil leaders to relay to Rostenkowski a "shopping list" of negotiable items. Among possible concessions: the first year cut could be reduced to 5% and delayed until October. Regan called Conable to say the meeting seemed a success. He had high hopes for the four Democrats. Said he: "They'll go for '5-10-10' and a couple...