Word: humphrey
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Dates: during 1970-1979
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While a crowded field of candidates began to zero in on the New Hampshire primary, the man who many think has the best chance to win the Democratic presidential nomination, Veteran Campaigner Hubert Humphrey, watched from the sidelines. TIME'S national political correspondent Robert Ajemian visited Humphrey at his home in Waverly, Minn., and sent this report...
...Hubert Humphrey...
...called for, and even start direct public-hiring programs (the union federation does not say for what kind of jobs) to get the jobless rate down to 3% and keep it there. By much the same measures, a bill introduced almost a year ago by perennial Presidential Hopeful Hubert Humphrey and Democratic Congressman Augustus Hawkins of California calls for a 3% rate within 18 months -but that bill has not advanced even to the stage of committee hearings. In fact, the latest opinion polls show that unemployment ranks a poor second to inflation as a public economic worry...
What Not to Do. How to reach whatever targets might be set? The way not to do it is to adopt the AFL-ClO-Humphrey-Hawkins approach. This inevitably would pump so much money into the economy as to raise demand to the point at which employers sign on almost anybody who shows up, with the Government hiring the residue, many in make-work jobs. A non-partisan study last May by the Library of Congress indicated that an attempt to get the overall jobless rate down to 3% within 18 months would push inflation back...
...Milton Friedman. Of the former, he observes, "He's a philosophic radical. He is, as Hayek is, a classic Whig or liberal. Goldwater is the most optimistic American. He believes that he knows how to produce a kind of frictionless, progressive society. He's as American as Hubert Humphrey--they both are great believers that they know how to make crooked things straight...