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Washington and the white house actually get outside of themselves. yeah. sometimes in life somebody cuts a tape recorder on before you and says but what did you really think and you think wow, somebody cares what i think. and you start going to town. so that s part of it. let me tell you something that s different about stockman and grider and that story. it was all serious, and it was about policy. it was about whether reagan economic policy was promising and sturdy or was, nfin fact. it didn t attack reagan s character or the character of the men around him. the indictment right now of bannon to trump is personal, rather incendiary. money launders, deutsche bank, ....
The white house is a funny thing. as i was hearing steve bannon, hearing what steve bannon was saying this morning, that oh, this is much to do about nothing. make america great again. a lot of people in middle america might say how can you serve this guy and then just start yapping when they turn on a tape recorder and now go back to saying i was reminded and i know you ll remember this. david stockman talking to william of the atlantic in 1981 and he did the same thing. he drew david stockman in. he turned on that tape recorder and stockman just started talking and couldn t stop. by the time that atlantic piece was done, it was devastating to the reagan administration. true. talk about that and how some people given sudden game in ....
Credit is imof him. we ll move the embassy to jerusalem, gets asked about it the other day, he says well we re thinking about it and i d kind of like to do and we ll let you know. lot of his commitments seem to be written on water, and become vapor really, so it depends on the mood he s in. you ve got congressional republicans and it seems to me that where things are going to re h a tough pass is over the budget which is coming uhm pret up pretty soon. the white house budget folks talking about 3.2% growth which is beyond rosy scenario. you ve been through budgets, we had the reagan and stockman issues and other rosy scenario, but this is beyond anything that we ve seen before, our growth has been about 2% or less for years now. and it s 2% or less at the time when the baby boomers are retiring, putting added pressure on the welfare state, the medicare and social security particularly at which point we need rapid growth to throw off ....
Over into recession. when david stockman 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 was called, 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 some things he no doubt wished he had not said. i got the magazine. it was 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 less says with the economic program is wrong. ....
he had no idea what i was talking about clearly. the budget director blew the whistle on this plan. the supply side economic theory. they refer to the supply siders. they are promised on faith said stockman. none of us knows what s going on. a lot of people wanted him fired and i thought i had to keep him because he knew more about the budget than anyone. i prevailed upon him to not fire him. we are sticking with the paid political complainers. let me say as politely as i can, put up or shut up. standing in the ap poll has gone from a high of 65% approval after he was shot to a low of 43% last fall, a bit lower than ....