Word: grossness
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Dates: during 1980-1989
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Directed by Sarah Gross...
...Greg Gross...
...Walter Mondale, among other politicians, criticized the hamburger chain's minimum-wage jobs as grim substitutes for well-paying blue-collar work. Nutritionists despaired over the high fat and sodium content of McDonald's fare, while food snobs ridiculed creations like Big Mac's "special sauce" as gooey and gross. Even investors, who had been smitten with McDonald's stock for two decades, were predicting that a glut of golden arches would soon put an end to the chain's glory days of growth...
...gone too far in trying to rescind the more generous work of Government: cutting Aid to Families with Dependent Children, for example, and federal funds for housing while running up the military budget from $134 billion in 1980 to $266 billion in 1986. (Although as a percentage of the gross national product, non-defense spending has declined very slightly and is still more than double defense spending.) The dream of salvation -- "Get the Government off the backs of the American people and release the energies of free enterprise" -- may not have been given enough time to work, but, in truth...
...dominoes are not likely to fall in the immediate future, however. Looking at the economy's current performance, TIME's board members forecast a 2.9% growth rate in the gross national product during 1987. That compares with a 2.5% pace in 1986. The board's projection is even more optimistic than the average suggests, since it is based on the assumption that economic activity will pick up as 1987 progresses, ending the year at a 3.8% clip. Says Walter Heller, a University of Minnesota professor: "The winds of change are blowing...