Word: jonesism
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Dates: during 1970-1979
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Michigan's Republican Congressman Guy Vander Jagt elevates the tax issue to geophysical dimensions. "It is a tidal wave," he says, after a week of listening to complaints on a trip from Florida to California. Oklahoma's Democratic Representative James R. Jones finds signals of desperation among small...
"A lot of people are just finding out the new price tags," says Jones. "Social Security taxes already are a major cause of small-business bankruptcy." Congressional mail was supportive when the tax debates were about raising the Social Security benefits. Then the people got to the bottom line and...
Now, lessee. Yeah. Richard Pryor, he spose to be uh orange pickuh, or suth-in, an he fall offuh his ladder one day, smack in frontuh uh labor-union cat who axing foh volunteeahs tuh sign up. Photographuh's rat thayuh, an-OOO-EE!-next day Richard, his pitchuh...
President Bok could not receive the letter personally because of his tight schedule, Lisa Jones '78, temporary chairman of the SASC, said yesterday.
The stock market reacted to all these uncertainties in predictable fashion: it sank. The Dow Jones industrial average, the market's most widely watched barometer, plunged dizzily to 800.85, its lowest level in two years. The drop is particularly unsettling because investors regard the 800 level as a psychological...