Word: constituenciesâ
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...dollar-rescue plan that amounts to a sharp and startling reversal of previous policies and aims to restore credibility to America's currency. The plan involves serious risks of starting a recession, and, at the very least, will slow down the economy. Thus Carter also risked alienating important Democratic constituencies???labor, blacks, liberals generally. But the Administration's economic team put the program together adroitly, with a sense of drama that won cheers from the world business community and provoked the most volcanic response on financial markets since Richard Nixon's surprise announcement of a wage-price freeze...
...Centrists, meanwhile, have been criticized by their key constituencies???conservative Catholics of the north, businessmen and private landholders?for following the Socialist line. The C.D.S. was forced, in effect, to make its move against Soares' government in order to fend off growing competition from other political parties, notably the increasingly conservative Social Democrats controlled by Francisco Sá Carneiro...
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