Word: indus
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Dates: during 1980-1989
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John and Martha Hook live 29 miles north of Pittsburgh in the small indus trial town of Butler, where he works as a radio station engineer. They have been registered Democrats all their lives and both voted for Carter in 1976 because, in John's words, "Ford pardoned Nixon." But they feel let down by the President. Says Martha: "It takes every penny we have for food and the doctor." The hostage issue rankles with John: "Carter should have had them out of there right away." And Carter has compounded his problem with the Hooks by his campaign tactics...
...either industrialization or a new industrial policy infuriates some observers. Says Yale Professor William Nordhaus, a former member of President Carter's Council of Economic Advisers: "Reindustrialization is a Hula Hoop. On a deeper level, it is a pernicious idea that basically calls for re-enforcing sick indus tries." Charles Willson, vice president for area development at Chicago's Continen tal Bank, says that Government-sponsored cures "don't address the question of capital formation in a really productive...