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Could. that was working, but the problem was, interest rates were going up to 18%. it s like chemo therapy for the economy. it kills a lot of other things along the way. the government can live with high unemployment to curb inflation. that seems to be a high place for us to be. this is supposed to be the land of opportunity. it s not anymore. it s the land for the rich and the poor can go to hell. i think we re going to have some hard times for the next few months. while we predicted a stagnant economy, none of us predicted the stepping over into recession. when david stockton came in and said the deficit is getting larger, reagan apparently was shocked. perhaps he had been too beguiled by his own supply side rhetoric. reaganomics was not generating enough revenue. the theory if you detax the rich, everybody will be better ....
inflation had been brought under control and quickly, a remarkable accomplishment, but ata terrible cost. reagan was trying hard to kill inflation as fast as he could. that was working. the problem was interest rates were going up to 18%. it s like chemotherapy for the economy. it kills a lot of other things along the way. the government can live with high unemployment to curb inflation. that seems to be a very high price for us to have to pay. this is supposed to be the land of opportunity. it s not anymore. it s the land for the rich and the poor can go to hell. i think we re going to have some hard times for the next few months while we had predicted as you well 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, the deficit s simply getting larger, reagan apparently was shocked. perhaps he had been too beguiled by his own supply side rhetoric. ....
It s the land for the rich and the poor can go to hell. i think we re going to have some hard times for the next few months while we had predicted as 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 doubtedly 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 ....
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 doubtedly 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 less says with the economic program is wrong. it creates inflationary he had no idea what i was talking about, clearly. so i broke the story that night that the budget director blew the whistle on this plan. what he still contends were off the record conversations, stockman expressed disillusion. ....
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 ....