Word: protectionists
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Dates: during 1970-1979
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Both Bergland and the U.S. International Trade Commission urged Carter to reimpose import quotas, but the President refused, arguing reasonably enough that quotas would be too protectionist. Instead, he ordered a 2?-per-lb. subsidy, which was supposed to enable efficient domestic producers to make a profit on their crops. But the nation's 5,000 sugarcane and 15,000 sugar-beet growers found that world prices were continuing to drop so fast that even with the subsidy they were losing money. At the same time, the major sugar-user firms, such as the Coca-Cola Co., General Foods...
Trying to head off protectionist cries and worries about will
...same as 1977, and a jobless rate of 5.5%, up nearly one-half of 1% from 1977. Worst of all, it warns that the pattern of slow growth and high unemployment could become permanent for the world's industrial democracies, especially if governments throw up more protectionist barriers to trade in an attempt to save jobs...
...generous Congress decided they merited. (At his press conference Carter expressed sympathy for the plight of many farmers but said that he would not have participated in their strike if he were still working the land in Sumpter County, Ga.) Labor was miffed because he did not put up protectionist walls against imports, and wanted him to endorse a larger increase in the minimum wage. Many women were antagonized by his opposition to federally paid abortions for the poor. Blacks and big-city mayors were upset that he did not call for more big-spending programs for federal jobs...
...microwave ovens and other products made by aggressive foreign competitors, the U.S. trade deficit is ballooning toward $30 billion, about five times the 1976 figure. That has sent the dollar to new lows against such currencies as the Japanese yen, German mark and Swiss franc, and set off a protectionist clamor for restrictions on imports to save American jobs...