Word: yet
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Dates: during 1970-1979
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...banker in London: "The situation is fraught with peril. There are only potential sellers of dollars out there, no buyers at all." Added Giuseppe Tome, an investment banker in Geneva: "The feeling exists in the banking community that a fuse has been lighted in world finance. No one is yet predicting an imminent explosion or panic, but if one does come, people will hardly be surprised...
George Bush advocates a $20 billion tax cut in 1981. Teddy Kennedy thinks a pump-priming cut may be necessary in 1980, but is not yet sure. John Connally wants a crowd-pleasing $50 billion to $100 billion tax reduction spread over three to five years, while Howard Baker figures a four-year time frame is about right. Both Jerry Brown and Ronald Reagan would like lower taxes and a balanced budget (who wouldn't?), but want the cuts linked to a constitutional limit on the growth of federal spending...
...challengers to Jimmy Carter are beginning to stake out positions on that premier fret of the American public: the economy. So far, they are producing no ideas that seem much different from or better than Carter's but only an array of me-too remedies that are eclectic yet oddly limited. The common thread that winds through nearly all is that Government can help the most by meddling the least. The new fashion for 1980 will not be spend and spend, elect and elect, but cut and trim and hope for the best. A preview of the leading challengers...
...Brown: The Democratic long shot no longer attacks businessmen as profit-grubbing plunderers of the environment, but he is having trouble fitting his "small is beautiful" philosophy to the realities of a $2.4 trillion economy. Brown convincingly argues that the nation's throw-away economy squanders scarce resources; yet he would vastly expand exploration of outer space even though the payoff is doubtful at best. He calls for a ban on new nuclear power plants and would give much more of a subsidy to solar power, though almost every study shows that over the next two decades solar...
...Yet he fails to outline a strategy for D-day beyond a vague "supply-oriented" program that features a watered-down windfall profits tax to finance drilling and synthetic fuels development. Bush calls for limits on federal spending but rules out a constitutional yoke. His $20 billion tax cut would be split fifty-fifty between business and individuals...