Word: pekingâ
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Irate at the maltreatment of the Chinese, Peking???which had provided Hanoi with an estimated $14 billion in aid over the past two decades?abruptly cut off 21 current assistance projects. In June, as the last Chinese aid technicians went home, Hanoi yielded to longstanding Soviet blandishments and formally jumped into Moscow's economic orbit as a member of the Communist trade alliance, COMECON...
...Economic Policy is a failure, then John Connally's brightening star will surely fade, Shultz could re-emerge with new political clout, and Spiro Agnew?who was consulted in the New Economic Policy deliberations, as he never was about the overtures to Peking???would find himself no longer threatened by Connally for the vice-presidential nomination in 1972. In that case, however, even the Republican presidential nomination would be worth very little, for Nixon's best chance to get the U.S. economy under control would have failed...
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