Word: slowdowns
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Dates: during 1960-1969
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...signs of the slowdown are increasingly apparent, from Detroit's production cutback and the slowing of business expenditures for plant and equipment to last week's report from Washington that wholesale prices and retail sales both fell in November for the second consecutive month. In view of these events, the President's problem is whether to try for a tax rise that would certainly help out his budget but that might nudge a hesitant economy toward recession...
...true. Though smart, sincere and honest, Erhard did not care to dirty his hands in the invariable give-and-take of political battle. He expected the voters to follow him out of gratitude, and for a while they did. But politicians seldom survive long on gratitude. When a slowdown in industrial activity frightened the coal miners of North Rhine-Westphalia last July, they deserted the Christian Democrats, demolishing Erhard's reputation as the country's No. 1 Wahllokomotive (vote puller...
Admiral David McDonald, chief of naval operations, recently returned from Viet Nam, translated this argument into flesh-and-blood terms last week. "The bombing," he reported, "is substantially slowing down the infiltration of men and supplies into South Viet Nam, and the slowdown has saved an awful lot of lives of Marines and Army soldiers on the ground." The price of another long pause would thus be prohibitively high unless the other side responds in kind. From Hanoi to date there has been only silence on this score...
...beyond that point, divergence looms between the generals, on the one hand, and Johnson and Secretary of Defense Robert McNamara on the other. Last week McNamara disclosed a planned "slowdown in our rate of troop deployments" in Viet Nam, "a statement," explained the Defense Department the day after Election Day, "that does not necessarily rule out a figure as high as 500,000 for the end of 1967." To the men running the war in Saigon and many of their colleagues in the Pentagon, half a million men falls considerably short of what is needed. Marine Commandant Wallace Greene...
...Either a slowdown in non-defense spending or an increase in taxes or both would enable the Federal Reserve to loosen the money supply and reduce interest rates. The Fed is openly fed up with Johnson's policy of forcing it to carry on the anti-inflationary crusade alone. Yet it has already been so successful in cooling the overly exuberant economy that the worst of the money shortage appears to be over. The board for three weeks has been rationing out more money to its member banks, and some interest rates have retreated from their 40-year highs...