As the U.S. economy continued its harrowing slide last week, President Ford went before the Business Council to explain his attitude toward the deepening recession. It was a curiously downplayed effort; the White House did not request television time, and perhaps that was just as well. According to some advisers who helped draft the speech, it was supposed to indicate a willingness to revise policy to deal with plunging production and mounting joblessness, but it came across to some listeners as indicating the exact opposite. Ford did promise some unspecified new...
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