Word: alarmists
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...fuzzy, but the founding fathers would not have included the option if they never meant anyone to use it. The legal issues are thorny but not unresolvable; opponents of a balanced-budget amendment should rely on the merits of their argument against the amendment itself, and not resort to alarmist exaggerations of the size of the legal problems...
...rise in nonfood prices suggests that many manufacturers are betting that a period of vicious inflation leading to mandatory price controls lies ahead, and are kicking up prices before the controls are imposed. Feeding these inflationary expectations are the gloomy forecasts of a number of alarmist economists who have been blowing taps for President Carter's voluntary Stage Two wage-price restraints almost from the moment they were announced last fall...
...operations for some years, the specter of a wholesale pullout was not raised until last summer. Then, Chrysler Corp. abruptly announced that it was selling its European business to France's Peugeot-Citroën for $430 million in cash and stock in the French company. Since then, alarmist charges have regularly bobbed up in Europe's press. "The American multinationals are deserting," warns a French economic weekly. "U.S. business is at ebb tide," declares a Belgian magazine...
This is part of a xenophobic overreaction that has been sparked by alarmist reports in the press and on TV and by flag-waving, vote-hungry politicians. The foreign buyers, says Marcus Collins, a state representative in Georgia "come in here and pay $1,500, $1,800 or even $2,000 an acre for land that, even with inflation, should not cost more than $800." Iowa Congressman Tom Harkin warns that the oil-producing nations, which sold the U.S. $45 billion worth of petroleum last year, "could buy the whole state of Iowa, every acre of farm producing land, with...
...speech started a remarkable policy reversal. To pep up what then looked like a flagging economy, the President had begun the year by calling for a $25 billion tax cut and a $60.6 billion budget deficit in fiscal 1979, which started Oct. 1. As late as March, misled by alarmist predictions from Energy Secretary James Schlesinger that a continued coal strike would cripple national production, Administration aides led by Robert Strauss forced on mine operators a settlement that will raise wages and benefits nearly 40% over three years...