Word: businessmen
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Dates: during 1970-1979
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...economy is strong, but businessmen fret about Carter's policies...
Jimmy Carter was in the midst of a deepening crisis of confidence with businessmen-and, to a growing extent, with the public-over his handling of the economy. During the President's nine months in office, the economy has in fact performed quite well. But in the past few weeks, economic growth has slackened, the unemployment rate has stubbornly refused to edge downward, and inflation has begun to pick up speed-not enough to justify fears of a downturn but enough to convince many economists, bankers and executives that Carter still has no clear idea as to what...
...addition, businessmen are profoundly disturbed by the disagreement between the White House and crusty, conservative Federal Reserve Chairman Arthur Burns, who is widely respected in the business community. Fearing stepped-up inflation, Burns wants to slow the growth of the money supply. Carter's liberal economic advisers argue that too tight a rein may send the economy into a tailspin...
There were also a number of things going on in Washington that could bost businessmen billions of dollars, but no one knew for sure how many. Carter signed into law a measure increasing the $2.30 an hour minimum wage to $2.65 in 1978 and, by steps, to $3.35 in 1981. Congress wrangled over a Social Security tax increase that by 1982 could be draining a total of $180 billion a year from workers and their employers. The energy program was being debated by a House-Senate conference committee. With hard bargaining on the energy legislation about to begin this week...
...state-owned firms in Britain or Italy can be used as instruments of national policy to keep unemployment down by keeping sales up. If necessary, these companies can sell below production costs and make up the losses with Government subsidies. Dumping is far from the only gripe of U.S. businessmen. They often grouse that Japan pours out its goods to world markets but bars much foreign merchandise through difficult import procedures and other technical barriers to trade. In Europe many countries remit the value-added tax, a form of sales tax, on goods that are exported?which...