Word: inflationitis
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Dates: during 1960-1969
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It is precisely this kind of petty deception and, on occasion, even the outright denial of the obvious, that has given rise to what the Washington press corps calls the President's "credibility gap." During the airline strike, for example, Johnson blandly assured the nation that Administration-backed settlement...
In fact, the absence of affection for the President will probably have little effect in the November elections. For one thing, Johnson has done a great deal for the voters. He has pushed through Congress a remarkable amount of valuable legislation and, despite his foot-dragging on inflation, will still...
On hand to get first copies of Komer's report was Donald MacDonald, 44, who replaces Charles Mann as AID chief in Viet Nam. MacDonald has headed AID programs in Pakistan and Nigeria, and is known as an expert troubleshooter. The report's main points: > Galloping inflation, which...
Tax Reform. The regime has even accomplished some things. Panic buying of gold, which threatened the drachma, was stemmed by the central bank early in the year. Since then, the economy has expanded nicely. Gross national product will be up 8% for 1966, industrial production is up 15% , and after...
In many ways, President Johnson's anti-inflation package failed to wrap up answers to the nation's basic economic problems. But, for at least the short term, it provided a lot of ribbon, and Wall Street investors responded enthusiastically.