Word: costs
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Dates: during 1970-1979
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...election during the Middlesex County "reform slate" of 1972, and stayed remarkably in the background of the late-summer hoopla surrounding fellow commissioner Mike McLaughlin and his alleged job-selling tactics. The job-selling probe, conducted in primary-timed fashion by District Attorney Droney's office, eventually cost McLaughlin a chance of winning the party nomination for Congress in the Sixth District...
...solve it, Carter's explanation was quite clear. He contended, perhaps a bit simplistically, that he faced only three alternatives: 1) to impose mandatory wage and price controls, which business and some union leaders abhor; 2) to induce a recession, which might reduce inflation but only at the cost of high unemployment and lower business profits; and 3) to set voluntary wage and price guidelines, with the Government using whatever levers of persuasion and economic pressure it can to see that they are observed...
...short of statutory controls. The program has a reasonable prospect of success." General Electric Chairman Reginald Jones agreed, explaining: "It was reassuring to hear the President place his main emphasis on measures aimed at the basic causes of inflation: excessive Government spending and regulations that add needlessly to the cost of doing business." While voicing some reservations, Carter Murphy, head of Southern Methodist University's economics department, viewed Carter's promise to veto more tax cuts as "a courageous political decision...
...rebate proposal for workers whose wage hikes fall behind the inflation rate was termed "innovative" by some economists. But others wonder whether it might not simply add to inflation if the rate soars beyond 7% and millions of workers then get a tax rebate. An 8% inflation rate could cost the government about $10 billion in rebates...
...sacrifices by special interest groups for the benefit of all. He might have championed the repeal of narrow and highly inflationary laws -legislation that, to cite only two of many examples, mandates that the steepest union wages be paid on Government-aided construction jobs and requires that high-cost U.S. ships carry all cargo moving between domestic ports...