POLICY: A Growing Air of Concern

Halfway through what has so far been a dismal year for the economy, the Nixon Administration is still groping for a way to break the grim combination of stagnant production, roaring inflation, strangling interest rates and slumping financial markets. Last week the President met at the White House with 25 top businessmen and non-Government economists to solicit their views.

Throughout the meeting, Nixon appeared confident, jotted notes on a pad and listened intently to opinions. No fresh suggestions for improving the economy were offered, but most businessmen pressed for a cut in corporate taxes and expressed growing concern about the...

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