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February 10, 1983
Dear Eddie:
It was good to hear from you and I appreciate
having the full quote you sent me. I've
known of that quote but didn't have it in
it's entirety. It will be useful.
Your words about it being too late to play
politics are right on target and I must say
there are signs that our opponents are aware
of that. There may be a little sounding off
now and then but I believe we're going to
have some unaccustomed bipartisanship on a
number of matters having to do with the
economy.
Eddie, I don't believe the President has the
power to declare an emergency short of war.
One of our problems is the extent to which
Congress has reduced Presidential powers.
This is particularly true in the budgeting
process. I don't believe there is a state
in the Union with a budget system as Mickey
Mouse as that of the Federal government.
What I wouldn't give to have a majority in
both houses. Believe me I dream of making
some fundamental reforms before I leave
this place.
I'm greatly encouraged by the recent economic
indicators, especially the increase in em-
ployment and the drop in the unemployment
rate. Both housing, and autos have turned up.
Now don't tag me as excessively optimistic or
whistling past the grave yard. I'll keep my
feet on the ground and we are tapping the
private sector for input. Paul Volcker is
cooperating. Granted we have a long way to
go but I think the start has come.
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"ocrText": "February 10, 1983\nDear Eddie:\nIt was good to hear from you and I appreciate\nhaving the full quote you sent me. I've\nknown of that quote but didn't have it in\nit's entirety. It will be useful.\nYour words about it being too late to play\npolitics are right on target and I must say\nthere are signs that our opponents are aware\nof that. There may be a little sounding off\nnow and then but I believe we're going to\nhave some unaccustomed bipartisanship on a\nnumber of matters having to do with the\neconomy.\nEddie, I don't believe the President has the\npower to declare an emergency short of war.\nOne of our problems is the extent to which\nCongress has reduced Presidential powers.\nThis is particularly true in the budgeting\nprocess. I don't believe there is a state\nin the Union with a budget system as Mickey\nMouse as that of the Federal government.\nWhat I wouldn't give to have a majority in\nboth houses. Believe me I dream of making\nsome fundamental reforms before I leave\nthis place.\nI'm greatly encouraged by the recent economic\nindicators, especially the increase in em-\nployment and the drop in the unemployment\nrate. Both housing, and autos have turned up.\nNow don't tag me as excessively optimistic or\nwhistling past the grave yard. I'll keep my\nfeet on the ground and we are tapping the\nprivate sector for input. Paul Volcker is\ncooperating. Granted we have a long way to\ngo but I think the start has come."
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