Word: feldstein
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This criticism reached a peak last Thursday, when presidential spokesman Larry Speakes openly ridiculed him at a press conference. When he discovered that Feldstein was at a lunch with other economic advisors, Speakes reportedly said, "He may not make it to dessert...
...Feldstein claims he is simply emphasizing parts of the President's budget message drawn up in January--aspects which the administration now wants to downplay...
...That tax increase is part of the President's program and has never been repudiated," said Feldstein's special assistant Geoffrey O. Carliner '65. "He [Feldstein] is surprised that they have misunderstood him. He does not disagree or criticize policy...
Although professors said Feldstein's stances were consistent, they added the Har- vard economist clashes ideologically with other members of the administration...
...Feldstein has long been in opposition to Treasury Secretary Donald T. Regan, who contends that tax increases are unnecessary to reduce the deficit, they explained...