you know a stagnant economy none of us had predicted the stepping over into recession. >> when david stockton came in and said the deficit is not going down. it's simply getting larger, reagan apparently was shocked. perhaps he had been too beguiled by his own supply side rhetoric. >> reaganomics, as it's call, was not generating enough revenue. the theory that if you detax the rich, everybody will be better off because they'll invest that money. turned out not to be true. >> these are not especially happy days for budget director david stockman. the december issue of the atlantic monthly has a long article about stockman in which he's quoted as saying things he no doubt wished he had not said. >> i got an early copy. the president gave a news conference that day. i kept waving my hand. he didn't call on me. so i chased him out. >> your budget director more or