A Visit to the Woodshed

Loose talk about Reaganomics brings a verbal thrashing from the President

He had been the Reagan Administration's glowing star, casting light on all the murky, mystifying tax and spending statistics that his wondrous computers at the Office of Management and Budget continually cranked out. He was the farm-bred, Harvard-educated wizard who would transform those numbers into the magic by which Ronald Reagan's economic recovery program would prove a smashing success. Even David Stockman's adversaries admired his effectiveness as a promoter of the Reagan cause. At his regular breakfast last week with Treasury Secretary...

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