Word: anties
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Dates: during 1970-1979
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Next day, deliberately delaying the announcement for maximum press attention, Carter appointed Civil Aeronautics Board Chairman Alfred Kahn, a hero in the airline deregulation push, to head his new anti-inflation drive (see box). How did the arrival of Kahn impress Carter's team of economic advisers? Said Schultze: "I feel like Churchill must have felt when he heard that the Americans were entering World...
...renewed his campaigning for Democrats on two political trips last week, he worked in appeals for help in the inflation fight. He drew an impressive 40,000 people on a rainy day in Nashville, and he ended his speech by asking: "Will you help me with our anti-inflation program? Will you help me?" The response from the crowd was only mildly enthusiastic. The President drew louder cheers in sunny Miami when he asked a rally of some 1,000 mostly elderly citizens: "When I get back to Washington and get that less-than-perfect tax bill, do you think...
...even though the country was entering the fourth year of .economic recovery. Carter might have recognized that this would be grossly inflationary-and that leaders of business and labor would post higher prices and press for steeper wages just to keep up. Robert Strauss, who was Carter's anti-inflation czar until last week, strong-armed coal mine operators last March to accept a highly inflationary contract (39% increases over three years). Carter might have recognized what would happen: every other union leader, just to prove his manhood and keep his job, would strive to equal or top that...
...inevitable result was the summer of double-digit dis content, followed by Stage II. Announcing it, Carter conceded that the tom-toms reverberating from the Oval Office in the past had signaled anything but a determined anti-inflationary policy. The regulators who he now suggests are out of control are Carter appointees. The budget that he says is too big is a Carter budget. But the good news is that the President pro fesses at last to recognize the problems and to have learned from past misjudgments...
Alfred Edward Kahn is obviously a gambling man. The outgoing chairman of the Civil Aeronautics Board says of his new job as anti-inflation chief: "The chances for success are far less than what I had [at the CAB]. I think we're dealing with something that's a hundred times more important, but the chances of success are one-thousandth...