INDIANAPOLIS -- Budget Director David Stockman hasn't been around Washington long enough to know when to keep quiet, former President Gerald Ford said Thursday
'Dave's a young person and he just talked too much,' Ford said in reference to a published story in which Stockman called the president's tax-cut program a 'Trojan horse' ploy to aid the rich.
'Obviously he let his conversation run away,' Ford said.
'I hope it won't be an embarrassment to the administration.'
Ford was in Indianapolis to speak at the first of a series of 'Forums for Famous Americans' sponsored by Indianapolis radio station WIFE. He spoke with a hoarse voice that he blamed on a recent bout with bronchial pneumonia.
At a news conference, Ford said Stockman's statements about Reagan's economic recovery program won't 'have an adverse effect on the president's program because the program is going to succeed regardless of what one individual bureaucrat says about it.'
Ford said Reagan's economic strategy will withstand the test of time, if Americans give it a chance.
'We're in a time of testing,' Ford said. 'This is no time to capitulate and I have the distinct feeling the American people know that the right policy decisions have been made.'
'If the American people want it to work, come spring of 1982 the American economy will be on the path to stability, strength and prosperity.'
Ford said Democrats who are criticizing 'Reaganomics' have forgotten they are the cause of the nation's financial woes.
'Any Democrat is enjoying the present difficulties of President Reagan's economic policies,' Ford said. 'They forget that for four years they really screwed it up themselves.'