Word: democratics
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Dates: during 1970-1979
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Nonetheless, there are enough uncertainties to make any forecast subject to serious error. Democrat Arthur Okun, who was chairman of the Council of Economic Advisers under Lyndon Johnson, is concerned that the Federal Reserve may yet push interest rates high enough and squeeze hard enough on the U.S. money supply to bring about a recession. In the absence of any effective anti-inflation program from the Carter Administration, says Okun, "the Fed really has only two buttons in front of it. One says, 'Validate 7½% inflation' [by pouring out enough money to permit prices to go on rising at that...
When asked if her husband killed the President, she said softly: "Yes, I do believe he did. I believe the man was capable of it." She also agreed with a suggestion from North Carolina Democrat Richardson Preyer that Oswald's motive was probably not political but a product of his own twisted ego. He would probably, she said, have gone after whoever was President at the time...
...action of the House ethics committee was unusually swift, especially for that panel. By a unanimous vote, after a persuasive presentation by its staff, the committee last week charged Pennsylvania Democrat Joshua Eilberg of illegally pocketing $100,000 in legal fees in connection with his efforts to get a $ 14.5 million federal grant for Philadelphia's Hahnemann Hospital...
...committee was far less energetic in opening hearings on California Democrat Edward Roybal, one of four Congressmen accused of taking illegal payments from Korean Rice Dealer Tongsun Park. Roybal has given the committee two highly damaging sworn depositions about the matter. In one he denied ever receiving money from Park. When that proved false, he said in the second statement that he turned the $1,000 over to his campaign director for election expenses. Roybal actually pocketed the cash, investigators claim. If so, he too could be expelled from the House on the recommendation of the ethics committee. If such...
...that the choking grip of taxation must be loosened to let the underproductive, inflation-riddled U.S. economy breathe more freely and create more profits, capital and jobs. That sentiment was fully reflected at the Time Inc. conference. Sounding what might well have been the keynote of the proceedings, liberal Democrat Ullman declared that in its approach to taxation the nation is undergoing "a turn-around of major magnitude." After a decade in which tax policy was tilted toward achieving various social goals, Ullman observed, the federal taxing powers are about to be shifted to a new priority. Said...