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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (1101384)11/24/2018 12:59:16 PM
From: longnshort  Read Replies (2) of 1584476
 
Stockman's influence within the Reagan Administration was weakened after the Atlantic Monthly magazine published the infamous 18,246 word article, "The Education of David Stockman", [7] in its December 1981 issue, based on lengthy interviews Stockman gave to reporter William Greider.

Stockman was quoted as referring to Reagan's tax act in these terms: "I mean, Kemp-Roth [Reagan's 1981 tax cut] was always a Trojan horse to bring down the top rate.... It's kind of hard to sell 'trickle down.' So the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory." [7] Of the budget process during his first year on the job, Stockman was quoted as saying, "None of us really understands what's going on with all these numbers," which was used as the subtitle of the article. [7]

After "being taken to the woodshed by the president" [8] because of his candor with Greider
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