Word: nationalizes
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Dates: during 1970-1979
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While the President was at Camp David, his economic advisers made it official: the U.S. is in an inflationary recession. National output, they predicted, will shrink 0.5% this year; prices nonetheless will climb 10.6%, and the number of jobless may grow by 1.3 million, to around 7 million late next year. The inflation is being fanned and the recession worsened by large OPEC oil price boosts that underscore the debilitating U.S. dependence on imported petroleum. Carter was earnestly aware, if the people of the U.S. were not yet, that the nation must find some way to start breaking that dependence...
...been losing his audience. Some 80 million people had watched his first fireside chat on energy in 1977, he recalled, but only 30 million had tuned in for his fourth, last April That was scarcely the trouble Sunday night. However unorthodox his method Carter had seized the nation's attention He and his aides knew he had taken a gigantic gamble. If he failed to capitalize on this chance to assert his leadership, he would not get many more...
...make headway against these problems, the President realized he also must start overcoming his chief political weakness, his reputation for hesitancy and indecision. Two weeks ago, returning from the Tokyo summit to a nation exasperated by a siege of gas lines, he compounded his difficulties by first scheduling a major policy speech on energy, then abruptly canceling it without a word of explanation. The Camp David summit, which began 48 hours later, represented above all an attempt to start rebuilding an image of purposeful leadership...
...July, the best rate this year) and prevent the long gasoline lines of late June from reappearing this year. But the Saudi action emphasizes rather than relieves the U.S. dependence on foreign oil, and Carter himself fears that it might lessen the sense of crisis that could put the nation in a mood to take long-range action...
...lost the touch with the country that he had developed during the 1976 campaign, and longed to get it back. He will change the way he conducts the presidency, he said. He will spend less time behind his desk poring over briefing papers, more traveling around the nation meeting people. He mused that he might try some other tactics, perhaps making a regular practice of "having seven or eight Governors in to spend the night with me at the White House and just talk over how we can cooperate and deal with the energy question, because I see the states...