By every recent measure of public sentiment, the economy is far and away the dominant political issue of 1976. Though many more Americans worry about inflation than unemployment, concern over jobs ranks well ahead of any noneconomic issue, including crime and detente. Democrats assail President Ford for a lack of urgent action on jobs; Ford and most Republicans respond that the recovery is strong and no costly emergency program is needed.
Last week's statistics lent weight to the President's position. In the final quarter of 1975, the gross national product rose at a rate of 4.9%, its third consecutive quarterly...
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