President Reagan Had a Kind Heart

bmorgens

Ronald Reagan was an excellent president who  accelerated our growth (to 3.2%) and from 1981-87 created 17 million new jobs. Incomes of the black population grew by 11% and 9.8% by the white population. Nobody is perfect and there were downsides such as the recession of 1982 (actually caused by tight money policies) and the fact that the Federal Budget increased greatly. One of the reasons that spending increased without halt was that President Reagan was a kind old soul.  The following story was related to my by Murray Weidenbaum (the noted economist who said that “the U. S. has never passed an economic law that didn’t have the opposite effect to what it intended”).  He was Chairman of the Council of Economic Advisers in 1981-2.

The president called a meeting of his cabinet with the instructions that each  was to being a plan to reduce the budget in their…

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President Reagan Had a Kind Heart

Ronald Reagan was an excellent president who  accelerated our growth (to 3.2%) and from 1981-87 created 17 million new jobs. Incomes of the black population grew by 11% and 9.8% by the white population. Nobody is perfect and there were downsides such as the recession of 1982 (actually caused by tight money policies) and the fact that the Federal Budget increased greatly. One of the reasons that spending increased without halt was that President Reagan was a kind old soul.  The following story was related to my by Murray Weidenbaum (the noted economist who said that “the U. S. has never passed an economic law that didn’t have the opposite effect to what it intended”).  He was Chairman of the Council of Economic Advisers in 1981-2.

The president called a meeting of his cabinet with the instructions that each  was to being a plan to reduce the budget in their department. It turned out that the only one that proposed a budget cut in their department was Murray. Reagan’s responses below are paraphrased:

“Secretary of State; Alexander Haig (who was know for his “Haigspeak”) cannot have his budget cut because of world events and besides you know Al he gets a little carried away sometimes” (This was just after the assignation attempt when Haig said that he was in control).

” Treasury  Secretary James Baker is my man who is pushing budget reform so I assume that he knows what he’s doing so I am going to leave his budget alone”.

“Defense Secretary Casper Weinberger needs the massive rebuilding of our military due to the Soviet threat and so we can’t override that!”

“Attorney General Ed Meese has had some bad press lately and I don’t have the heart to hurt him. His budget stays.

“Interior Secretary James Watt is always in hot water and he is always shooting himself in the foot with he comments so let’s give him a pass on this one.”

and so the Federal budget skyrocketed.

 

Trip back to the old neighborhood

Yesterday on the way to Coney Island we toured Brooklyn again to see where I was born, some old haunts, neighborhoods, Clarkson Ave. where I was brought up. Of course my favorite Chinese restaurant (711) is gone along with Ebingers, Bickfords, the bar where I had “Boilermakers at age 14, Garfields on Flatbush & Church (great hangout for teens on a Fri. nite), On the way to Sheepshead Bay where I used to fish off of the pier (a sailor borrowed the rod and accidentally threw it into the bay) we passed James Madison H.S. For some reason I got very nostalgic when I thought of the time while pitching for Stuyviesant Joe Bono, hit a home run off of me because I was flirting with his girlfriend in the stands. (I forgot to include that story in my book), then on to Coney via Brighton Beach where I used to play Handball with Sid Gordon, the ballplayer. (and that is IN the book)  2015-08-16 Thunderbolt2015-08-16 Parachute Jump2015-08-16 Lee Nathans

Reply to Alan Caruba

Iran is going Nuclear, Syria is in flames, Europe has economic challenges, Children die in cities like Chicago, Washington, Detroit, Trenton. Our administration has one serious scandal after another. We have a health law that is an abomination yet the TV screens are covered with T & Z and 2 New York sex offenders and maybe worse running for office.

Is this Alice in Wonderland or what?