Word: nationalizes
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Dates: during 1970-1979
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...Carter implied, Government must get off the people's backs and no immediate crisis looms, the current role for the nation's leaders is a more subtle...
...most effective when he turned more personal, toward the end, invoking the nation's flag-lowered mourning for Hubert Humphrey. The Senator's "joy and zest of living" provided an example of the "special American kind of confidence, of hope and enthusiasm," which, Carter suggested, ought to become contagious...
More important, businessmen from Wall Street boardrooms to Main Street hardware shops have developed a set conviction that the Administration is unwilling, or perhaps unable, to craft any consistent, coherent economic strategy. That mood of mistrust is dangerous, not just to Carter but to the nation. As the White House now clearly recognizes, consumer spending has done about all it can to prolong the U.S. economic expansion; continued growth in the next two or three years will depend largely on business spending for new factories, new machines and, ultimately, new jobs...
...group faced a deadline of sorts: In late January every President normally submits to Congress and the people his State of the Union message, an economic report and his budget. Blumenthal and his steering committee decided Carter should seize this opportunity to try hard to convince business and the nation that he does have a thought-out strategy by spelling out his economic plans in considerable detail...
Carter took the advice, and last week he delivered a barrage of pronouncements that did add up to a reasonably coherent program. It was unexciting, unsurprising, unadventurous, but it seemed designed to appeal to the nation for those very reasons. The aim, apparently, is to present Carter as a prudent manager, aware that the tangled complexities of guiding a growing but troubled economy prevent any President from doing everything at once, ready to put off those goals that are merely desirable in favor of those that are essential. The program's main elements...