THE RECESSION: Go on Taxes, Slow on Energy

In their accelerating dismay over the state of the economy, Republicans could hardly be distinguished from Democrats, business executives from labor leaders. All were making much the same speech and the same plea to the President and Congress: do something and do it now. Testifying before the Joint Economic Committee, United Auto Workers President Leonard Woodcock warned of the "worst economic upheaval since the Great Depression. The auto industry is in a state of collapse." Addressing the same group, Henry Ford II agreed: "I have never before felt so uncertain and so troubled about the future of both my...

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