THE ECONOMY: If the Shoe Fits

"I see no figures that bring this thing to a critical point," said the President of the U.S. when he was asked at his news conference last week whether he would press for an immediate tax cut. As Ike and questioners well knew, the March unemployment figures (see BUSINESS) showed a 25,000 rise in the jobless to a 17-year high of 5,198,000. At the same time, the number of people working rose by 323,000 to 62,311,000, which was only 2.4% below March 1957's 63,865,000 all-time high for the month.

Then if Ike was not for a tax cut to cure...

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