II--Hoover's Ghost

Ulmer, Melville J.
February 1974
New Republic;2/16/74, Vol. 170 Issue 7, p17
Focuses on the economic report delivered by U.S. President Richard Nixon and the Council of Economic Advisers. Problem on inflation and unemployment; Argument pertaining to the disquieting memories of the unrelieved recession and highly inflationary expansion; Causes of the current recession; Impact of the recession on the U.S. economy; Reaction of the U.S. administration over the slumping economy; Existence of budget deficit and its consequences on business activities; Revival of the past memory of the Great Depression due to existence of the current recession; Anticipation of Economic advisors about the multiplication of unemployment in the U.S.; Steps to be taken by the Nixon administrations for both short-term and long-term economic stability.


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