The Nation: Keeping Them Guessing

The economy is strong, but businessmen fret about Carter's policies

A cording to an old adage on Wall Street, the stock market can deal with good news and bad, but it cannot tackle uncertainty. Last week the market was coping with little but uncertainty, most of it emanating from the Oval Office.

Jimmy Carter was in the midst of a deepening crisis of confidence with businessmen—and, to a growing extent, with the public—over his handling of the economy. During the President's nine months in office, the economy has in fact performed quite well. But in...

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