Word: nationalizes
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Dates: during 1970-1979
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...failing to achieve real leadership of the nation, Carter has so far proved unable to break post-Viet Nam, post-Watergate mood of bitterness and distrust that, in part, brought him to office. He is treated with less respect by the public, the Congress and the press than would be expected of a man of his record and rather benign personality. All this has produced a sense of regret in the President himself. "The duty of our generation of Americans," he noted last week, "is to renew our nation's faith-not focused just against foreign threats, but against...
...most difficult problems the nation faces is the continued high level of costly oil imports. Carter proposed an intricate plan precariously balancing the free market against new government controls to raise prices on gas and oil and encourage increases in domestic production. A major part of his program was defeated in Congress after 18 months of struggle. The failure to lead the crusade he so misguidedly dubbed the "moral equivalent of war" remains both an embarrassment to Carter and a source of potentially severe economic problems...
...past couple of months, Kahn has come out with some one liners, as jesters and wise men will, that probably made his boss laugh uncomfortably. After Carter had announced his wage and price guidelines, for instance, Kahn pulled an Andy Young, saying he feared the nation might be in for a "deep, deep depression," words an allegedly Democratic President would rather not hear from one of his top economic advisors. The next morning, Carter summarily dismissed the remark as "idle talk," but the inflation fighter was to be heard from again. On a T.V. news interview he captured the Administration...
...Carter's target inflation rate for 1980 of 6.3 per cent is shockingly modest, especially in light of the sacrifices in public welfare his plan would require. In real terms, his proposed budget would reduce the appropriations for social services by about 15 billion dollars while allowing the nation's arms arsenal to continue growing. Though some cuts of redundant or unnecessary programs may be justified, the proposed slashing of federal jobs programs, which would wipe out over 150,000 jobs provided by the Comprehensive Employment and Training Act, and practically eradicate the Youth Conservation Corps., does much more than...
...live in a nation and we believe in the free enterprise system, where market forces determine prices. But the oil and gas industry is not part of that system because prices are not free. They're heavily influenced by decisions made outside our country by the OPEC nations and they are heavily influenced by some control over the rate of production by American companies...