Word: summits
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Dates: during 1970-1979
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...Ford's driv ing concern as President. He declared inflation to be domestic enemy No. 1 in his address to Congress, then pursued it relentlessly in a series of consensus-building economic conferences. Last week, appearing before 800 economists, businessmen, Government officials and labor leaders at the final summit in Washington, Ford declared that "this is not the end but the beginning of a bat tle" to rescue the economy. "You have done your own work well," he added. "Now it's my turn...
...deal with the rising price of oil. The Ford Administration is working hard to lower international oil prices. Ford also said that he would speak to the nation this week about his economic plans. The speech is likely to include new energy measures. (For an account of what the summit accomplished, see THE ECONOMY...
NOBODY EXPECTED any substantive economic reforms to emerge from the Ford summit, and it is now clear that none will. It is just as clear that Ford will be as insular with respect to his economic policy as was Nixon--despite the gaudy show he and his experts put on in the Washington Hilton ballroom...
...Administration had its work cut out for its summit on the economy this week. To help distill into policy whatever comes from that meeting, President Ford recalled an old inflation fighter: He is Paul McCracken, 58, who was President Nixon's chairman of the Council of Economic Advisers from 1969 to 1971. A conservative, McCracken generally opposes controls and favors balanced budgets. He is an old friend of Ford's and teaches at the University of Michigan. McCracken says that he expects to stay in Washington only long enough to "sort out ideas" from the summit and draft...
...preliminary conferences leading to this week's summit on inflation, John Kenneth Galbraith looked over the 28 other economists who had gathered in the White House and quipped that the remedies for inflation would be about the same for "Bolsheviks and the devoted supporters of Ayn Rand, if there are any present." Then Alan Greenspan smiled and spoke up: "There's at least...