STATE OF THE ECONOMY
The No.1 argument in this election year is about economics. According to Democrat Adlai Stevenson, a "shrinking" U.S. economy is in a state of "stagnation" and heading for disaster. To describe the economy the Republicans have another word—stabilization; they feel that the ups and downs under the Democrats have been ironed out. To most economists, neither stabilization nor stagnation properly describes the state of U.S. business. Says Manhattan's National City Bank: "The level course of business appears to be a breathing spell in which the economy is shaking...
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