INFLATION: Ford's Plan: (Mostly) Modest Proposals

Coming down from the heady abstractions of the summit, President Ford last week rolled up his sleeves to confront the gritty economic and political realities of devastating inflation, lengthening recession and a looming international crisis over oil prices. With congressional elections less than a month away and pressure building for action, the Administration has been working feverishly to meet its self-imposed deadline to produce an effective and politically acceptable program by this week. The President planned to address Congress on nationwide television on...

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