Word: nixon
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Dates: during 1950-1959
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...Habits. A normal economic system, said Nixon, "just like a normal human body, does not and should not run at full speed all the time. There are times when it must slow down so that needed changes can be made and bad habits and faulty practices corrected...
...Central But. Government, said Nixon, should help "correct the evils of inflation, profitless prosperity and low productivity." Action already taken includes: 1) more extended unemployment compensation; 2) accelerated Government spending especially in hard-hit areas; 3) more credit. Government should promote a sense-making public-works program but should resist "massive spending-a spending binge now can only lead to a, hangover of debt and inflation later...
...said Nixon-and it was perhaps the central "but" of Recession 1958-"there is too much of a tendency in some business quarters to say: let the Government bail out the economy. Government can help, but the primary responsibility for recovery must be assumed by American business and labor and the other vital forces that make up the private sector of the American economy...
...future of the U.S. economy, Nixon summed up, is the bright promise propounded by the newest Rockefeller report of beefing up the gross national product from $434 billion today to $707 billion in 1967. "It will never be achieved if we adopt a standpat status quo attitude toward our economy. It will never be attained in a socialistic straitjacket...
...congressional tariff bloc. But regardless of heavy protectionist opposition, trade-minded committee Democrats and Republicans will stand pat behind the President's power to overrule Tariff Commission recommendations in the interests of U.S. trade as a whole. ¶Packing for a South American tour, Vice President Nixon nevertheless took time out to provide chow, chat and charm for some of his most consistent critics. To an off-record evening at his home in suburban Wesley Heights, Nixon invited a dozen British Washington correspondents who have given the readers at home a general picture of Nixon as a cross between...