Word: motorize
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Dates: during 1970-1979
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...That analysis was widely disputed. Voicing the fears of many of the nation's businessmen, Ford Motor Chairman Henry Ford II called for a "decisive change in Government policy" to avoid "potential disaster"; he asked for a 10% across-the-board cut in federal income taxes. A do-something-quick mood also was evident among the members of TIME's Board of Economists as they gathered to trace the likely course of the economy for the year ahead. Tax Expert Joseph Pechman described the situation as "desperate," and Arthur Okun, former chairman of the Council of Economic Advisers...
With auto sales in their worst slump since 1958, it hardly seemed appropriate for anyone - let alone an auto executive - to favor proposals that would make driving more expensive. Yet that is what Ford Motor Co. Chairman Henry Ford II is doing. He wants a 100-per-gal. hike in federal gasoline taxes, with the resulting $11 billion raised annually going to assist the poor and unemployed...
...proposals, notably the 5% income surtax, if the economic situation warrants it. But the feeling so far is by no means unanimous, even among auto executives, who mostly declined to join Townsend's attack on the Ford program. Speaking at an automotive engineers' convention last week, Ford Motor President Lee Iacocca said that inflation "is so far and away the No. 1 problem that I don't even have a list of 2 to 10 any more...
Providing for cars and other motor vehicles is obviously an important consideration at each of the presidential facilities I visited. The original provisions have just as obviously proved inadequate. Today, there are three public parking lots at the Truman Library--two of them added since the library opened. There are three lots for the Hoover Historic Site. The two at the Eisenhower Center are clearly over-taxed; a third lot for 300 cars is currently under construction. Each of the three library/museums has a special area designated for what the sign at the Truman Library calls "Buses, Trucks, Campers, Trailers...
Among the agencies affected by the order are the Welfare Department, The Motor Vehicle Commission, public and mental health services, and youth services...