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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 25, 1987
Page
8
The editorial argues for a special session to pass a tax package aimed at boosting Iowa's economy and job creation. It highlights a top rate cut from 13 to about 9.98 percent, federal deductibility, sunset provisions, and revenue balance. Emphasis is on attracting population and sustaining state government with a pro growth, pro job climate.
The GAO reports weak Army safeguards allowed potential theft of surface to air missiles. Poor storage, failed detection, and sloppy record keeping hinder tracking. In Germany missiles stored in sheds labeled Stinger, and 24 missiles took a year to locate due to misrecorded serial numbers. The Army disputes findings. GAO warns missiles may be missing.
Walter Russell Mead analyzes the 1980s boom and 1987 crash, arguing oversavings and overspending created imbalances. He warns lack of balanced growth driven by consumer demand could mark a historic pivot, comparing the crisis to 1929 and noting the uneasy recovery signs in 1987.
A New York Times Service analysis argues Reagan’s perceived detachment from economic reality erodes trust nationwide. It quotes Jim Wright, William Simon, and Bob Dole, noting soaring deficits, foreign investment, and a stalled response to the market crash. The piece warns the era of strong public confidence in the presidency may be over.
Washington Post Writers Group argues Jeane Kirkpatrick should study Douglas MacArthur’s warning that disasters follow being too late. It suggests her best move could be endorsing Bob Dole now to shape conservative voters, rather than pursuing a fragile candidacy that could aid George Bush.
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