Word: sst
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Dates: during 1970-1979
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Even more ominous to Nixon's future legislative success: when the House rejected the SST a week earlier, he had lost almost half of the Republican Representatives on that issue-including three who hold leadership posts. This happened despite the fact that party loyalty, especially among Republicans, has traditionally been much stronger in the House than in the Senate...
Beyond the often repeated arguments against the SST-that it would be a multibillion dollar gamble, represented an unrealistic ordering of national priorities and would endanger the environment-the congressional decision to kill the aircraft demonstrated a surprising indifference to presidential pressure. Representatives, especially, are attuned to political currents at home, and it is obvious that, at least at the moment, they do not fear the grass-roots political clout of Richard Nixon...
...farther than ever before. After the U.S. Senate voted last week to shoot down the supersonic transport, which would have been the costliest commercial product in the nation's history, there were widespread new fears about the future of this proud industry. Barring the increasingly slim chance that the SST contractors will be able to continue work with private financing, the Senate vote killed?or at least postponed indefinitely?a machine that the U.S. had long assumed would be the basis of the next generation of commercial aircraft...
...SST decision was just the latest of many blows to the aerospace industry. The industry's biggest customer, the Defense Department, has cut back considerably on its orders for military planes and missiles. Following the course of the nation's disengagement from Viet Nam, defense funds have been pared for two straight years. The decreasing fervor for space feats has also hurt. The National Aeronautics and Space Administration this year has a budget of $3 billion, or a little more than half as much as three years...
...program and order massive job chopping (see box, page 78). Aerospace firms now employ just over one million Americans, down more than 25% from three years ago. The total is expected to shrink by year's end to 962,000, the lowest since 1958. Boeing, the contractor for the SST, expects to "bottom out" this year in the Puget Sound area at 29,500, down from 44,000 at present. Pink layoff slips will be sent to 7,000 at Boeing early this week...