Word: argument
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Dates: during 1980-1989
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DEFENDERS of T and E have another argument though, one that appeals to the worst excesses of supply-side theory. You see, the entertainment industry is one of the nation's largest employers of unskilled labor. If we took away the subsidy for shrimp cocktails, think of all the poor waiters who would be out of work...
...problem with this argument is that if corporations didn't spend their money on food, they would spend it elsewhere--by buying more products, employing more workers or, better yet, investing in new productive capacity...
Thus, rhetorically at least, the opposition no longer gets an argument from the government. Gerhard Herder, East German Ambassador to the U.S., pledged reforms that "will radically change the structure and the way the G.D.R. will be governed. This development is irreversible. If there are still people alleging that all these changes are simply cosmetic, to grant the survival of the party, then let me say they are wrong...
Hussein's change of policy posed a dilemma for Jordanians of Palestinian origin. Most of them wanted to vote, but by doing so some feared they might be adding fuel to the argument of right-wing Israelis that Jordan, rather than the West Bank, should be viewed as the true Palestinian homeland...
Regan would argue that he didn't violate the tax law. (A former IRS commissioner was prepared to testify to much the same thing, but the jury was not allowed to hear this because the judge accepted the Government's argument that his views might blur the issue.) Regan's trades were part of a hedging strategy under which you buy and sell related securities at the same time. You lose on one and gain on the other, but if you've done the math right, you'll usually lose a little less than you gain. Yippee...