Word: vetoes
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Dates: during 1970-1979
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...economy. But the Democrats would rather the companies never even got their greasy, oily hands on the money--accountants these days are camouflage experts. More importantly, they see the disastrous effects decontrol would have on the economy. A hundred billion dollars of spending power wiped out with one veto. A net withdrawal of spending power, even with tax rebates. A downward pull on an economy which has just bottomed out of the worst recession since the Great Depression, and is bouncing upward like a soggy ball-bearing. Charles Schults of the Brookings Institution, supported by Congressional Budget Office and Joint...
...members of the National Federation of Republican Women and spoke at Southern Methodist University. Then he journeyed to Midland, Texas, where he dedicated the Permian Basin Petroleum Museum and was thanked with a shower of rose petals-a fitting gesture in a week when Congress sustained his veto of an oil decontrol bill...
Legally Free. The latest round began as President Ford made good on his promise to veto a bill extending for six months the oil price controls that have been in effect since 1973. In response, Senate Democrats, led by presidential hopeful Henry Jackson, provoked a test of strength by scheduling an attempt to override Ford's veto. All 100 Senators showed up to vote, but the Democrats, joined by a few Republican defectors, fell six votes short of the two-thirds necessary to reverse the veto. Result: oil companies are legally free to charge any prices they think...
Last week's episode dramatically demonstrated the political standoff that has left the U.S. without any coherent energy policy. Lacking the votes to get his own programs passed, Ford can only attempt to bludgeon the Democrats into considering them by vetoing their party's legislation-not only on energy but also on other matters. The Democrats, despite their huge majorities, usually cannot muster the strength to override (an exception: both houses last week voted to enact a $7.9 billion aid-to-education bill, overcoming a presidential no). "This has become a Government by veto," lamented Rhode Island Democrat...
...quite. The situation might more properly be termed non-Government by veto. Ford has still not won over many Democrats to his approach of letting prices of U.S.-produced oil rise gradually as a means of stimulating exploration and production and forcing consumers and industry to burn less petroleum. The President's latest plan-to lift the controls over a period of 39 months, with the major impact coming after the November 1976 elections-was voted down in July. Many Democrats have deep ideological objections to price rises that fatten oil-company profits. At the same time, the Democrats...