THE PRESIDENCY: l-Told-You-So

Thrown in with the Middle East questions at the press conference was one that brought the President closer than in years to the edge of an I-told-you-so—and justifiably. The question: Now that the recession is receding, steel prices going up and federal budget deficits looming, did the President have any plans for dealing with the problem of inflation? Said he: "Well, strangely enough, you gentlemen, ladies and gentlemen, were hearing me talk about this problem of inflation a few months back, when everybody wanted to spend more money and to decrease taxes . . ." Dwight Eisenhower, economic conservative, added...

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