Word: hellers
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These somewhat dampening factors did not disturb Presidential Economic Adviser Walter Heller and his colleagues so much as the fear that the recovery, no matter how quickly it comes, may be as mild as the recession. If that proves to be the case, the U.S. would find itself in the ironic position of experiencing under Kennedy the Eisenhower goal of flattening out the entire economic cycle, ending violent swings in the economy. This is a prospect that thoroughly frustrates the Kennedy Administration, which feels that Government spending is the main force now at work in the economy and the chief...
Issues and Answers (ABC, 4:30-5 p.m.). President Kennedy's top economic adviser, Walter Heller, ponders the U.S. economy...
...slight increase in steel orders, department store sales up 5% in Easter week, auto sales for March up 15%. Of the twelve leading indexes, e.g., raw-material prices, that the National Bureau of Economic Research uses to measure the business cycle, nine have already turned upward. Said Walter Heller, chief of the President's Council of Eco nomic Advisers: "We assume that the leveling-off is near at hand. But that's the beginning, not the end of our problem. All along, we have felt that the performance of the economy during the recovery phase will determine whether...
...fact, since a recession usually bottoms out before the statistics record the event. The wariness still felt by many businessmen was reflected by President Kennedy, who noted that it is "impossible to make any judgment" about whether a spring upturn in the economy will produce a real boom. Walter Heller, chief of the President's council of economic advisers, emphasized that he looks for the recovery to develop at "a relatively slow rate...
...societies move in a spiral. They come around to the same point on a vertical line, but on a slightly higher plane. Just as the tribal chief has his witch doctors for ritual consultation, so an Eisenhower has his Burns and our chief of state now has a Heller. J. L. MARSHALL Dallas...