Word: decontrolling
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Dates: during 1980-1989
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...produces a for-us-or-against-us bunker mentality that provokes unremitting opposition to any politician whose support is less than total. Early in his career, former South Dakota Senator George McGovern favored banning small handguns, but in the face of N.R.A. pressure, he ended up supporting efforts to decontrol gun purchases. Nevertheless, the gun lobby last fall threw its support, and more than $30,000, behind his successful pro-gun opponent, Republican James Abdnor. Says McGovern: "I think they're crazy, I really do. They think the most important issue in the country is to be able...
...other hand, Powell criticized the press for being too lenient with the Reagan administration. "The press must be careful not to let the president slip by. Reagan has been very successful at this." He pointed to Reagan's accelerated decontrol of oil prices as an issue he feels the press should have addressed in more detail...
Many economists had expected oil prices to jump even more after decontrol. Price increases, though, were held back a little by the high oil stocks around the world. Walter Heller, former economic adviser to President Kennedy, also pointed out that lower than expected increases in housing and food prices had acted as a brake on inflation, and he foresees less steeply rising prices for a few months...
During the 1980 presidential campaign, Reagan repeatedly called for gas decontrol as a way to boost exploration and supplies and cut dependence on foreign imported crude. When word leaked last week that the Administration intends to make good on that pledge, Congressmen reacted strongly. Warned Senate Democrat Howard Metzenbaum of Ohio, who led the filibuster against the decontrol bill four years ago: "This body will be in session for a long time if the Administration decides to decontrol natural gas." Added Idaho Republican James McClure, chairman of the Senate Energy Committee: "Pressing for decontrol and getting it are two different...
...starting point for any decontrol measure is the incredibly complex natural gas pricing system that now exists. Natural gas prices have been controlled at low levels by the Federal Government since 1954. In his 1977 bill, Carter initially sought to raise gas prices until they were equivalent, in terms of energy produced, to those of domestic oil. But the bill that was finally passed by Congress in November 1978 was a complicated compromise between gas producers and consumers that set up 23 separate pricing categories for the fuel. All old gas-generally defined as that discovered prior to April...