In 1970, we are feeling the postponed pinch of the late sixties. Business and labor cannot plan, and consumers and home buyers cannot effectively manage their affairs, when Government alternates be tween keeping first the accelerator and then the brake pedal to the floor. We know that existing programs of Government and probable demands of the private sector could use up all the output we can produce for several years to come. Though Nixon didn’t mention animals in the address, it was clear that he considered them a vital part of the environment.
The inflationary tide could not quickly be turned. WASHINGTON, April 10-Following are excerpts from President Nixon's message to Congress proposing trade reform legislation: The Trade Reform Act of 1973, which I am today proposing to the Congress, calls for the most Important changes in more than a decade in America's approach to world trade.
Until now the unemployment rate has remained low, partly because employers have retained workers despite growing signs of slug gishness in sales. 30-Following is the text of President Nixon's Eco nomic Report to Congress: In the first half of the 1960's, we did have price stability-but unemploy ment averaged 5½ … In 1969, he created the Council on Environmental Quality, an executive office that coordinates environmental efforts. Workers demanded large wage increases to catch up with past increases in the cost of living and to keep up with expected future increases. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Thereafter, the per formance of the economy will depend on both the continued resolve of the Gov ernment and the difficult‐to‐predict be havior of the private sector.