Correspondents' Correspondence
Correspondents' Correspondence BRIEF TAKEOUTS OF MORE THAN PERSONAL INTEREST FROM LETTERS AND OTHER COMMUNICATIONS RECEIVED BY THE EDITORS GOP Anxieties Washington—In 1960, Vice President Richard...
...Although both methods showed some success in controlling the direction of the economy, neither proved able to regulate the pace or timing of changes in direction...
...In fact, citing single cases understates the changed atmosphere as legislative approaches of action arc explored...
...Even so strong a supporter of the war as Peter Dominick (R.-Col...
...It did, and Nixon has clearly learned that lesson well...
...Hatfield is now being discussed as a primary challenger in 1972.—George Hobart...
...When the grave issue of war and peace is made to take a back seat to money matters, there can be no question but that the President is worried...
...His entire budgetary strategy is in danger of becoming unstuck...
...the talk among Republicans is still more about inflation than recession...
...is criticizing the President...
...Staff aides to the Council of Economic Advisers admit that neither fiscal nor monetary policy has lived up to its billing...
...Only recently, for example, he postponed a National Security Council meeting called to consider the war in Indochina, and substituted in its place a session with Administration and outside analysts to evaluate the strange behavior of the American economy...
...And he knows it.—Walter R. Gordon Senate Chemistry Washington—President Nixon may at last have discovered a way to shorten the Vietnam war...
...But the sharpest reaction may be the bitter estrangement of Senator Mark Hatfield (R.-Ore...
...The President is now virtually assured of budget deficits this year and next, a fact not likely to make the Federal Reserve Board eager to loosen interest rates...
...who supported Nixon for the 1969 nomination on the grounds that he would end the war...
...National Committee chairman Lawrence F. O'Brien is directing the organization's staff to stress the economy above all else in its political campaign material, and the Democratic congressional campaign committees are taking a similar tack...
...For Richard Nixon and his party, all this can only mean trouble in November...
...Some Democratic senators, though, cannot restrain a happy smile when they consider the prospect of continued inflation and simultaneous recession...
...The previous Administration tried it by manipulating the budget, the present one by playing with the money supply...
...Correspondents' Correspondence BRIEF TAKEOUTS OF MORE THAN PERSONAL INTEREST FROM LETTERS AND OTHER COMMUNICATIONS RECEIVED BY THE EDITORS GOP Anxieties Washington—In 1960, Vice President Richard M. Nixon warned President Dwight D. Eisenhower that failure to take aggressive action to prevent a recession could cost the gop the November election...
...one of Barry Gold-water's earliest supporters, is telling anyone who will listen of his eagerness to repeal the Tonkin Gulf Resolution...
...Among Democrats, there is a broad range of agreement that the economy is going to be the top issue in the coming fall elections...
...Senator George Aiken (R.-Vt...
...The Administration has publicly brushed aside the technical fact that the country is now in a recession according to the rule of thumb which defines that particular strait as six months of declining Gross National Product...
...The revulsion in Congress following his bold move in Cambodia has brought about a change in legislative chemistry that could actually produce action to end the conflict...
...Nevertheless, few see substantial signs of a real slump—yet...
...Senator Norris Cotton (R.-N.H...
...who does not have much of a reputation in New Left ideology, was heard to charge that Nixon was expanding the war in order to reduce unemployment...
...Privately, however, officials are voicing concern, and the plunging stock market and a series of sickly profit statements by auto and steel firms have only deepened the worry...
...If, for instance, the Board fails to lower interest rates, George Romney's plans to expand low-income housing and restore middle-income housing production will go out the window...
...Indeed, the whole concept of "fine tuning'' the economy is being called into question...
Vol. 53 • May 1970 • No. 10
