Word: wiedenbaum
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Under Feldstein's predecessor--Murray Wiedenbaum--the CEA had apparently lost influence in the Administration. Wiedenbaum was reportedly uncomfortable with Reagan's massive defense expenditures and the subsequent large budget deficits...
...after Wiedenbaum left in July--ostensibly so he could return to Washington University in St. Louis to teach--he publicly criticized the weapons appropriations...
...aide--who worked under Wiedenbaum and is now working for Feldstein--said that the Harvard professor may be able to exert more influence. Although he refused to comment on Feldstein's first three weeks on the job, Laurence Lindsay, a staff economist, noted that Feldstein's economic specialty places him in a better position to advise the President. He noted that Wiedenbaum's fields of expertise were defense spending and regulation. The first put him at odds with his boss. The second, while important, was not at the forefront of the Reagan program. "If you look at a list...
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