A program that offers something for everybody runs the risk of not much pleasing anybody. So it is with Jimmy Carter's economic programan amalgam of quick tax rebates for individuals, permanent though much smaller tax cuts for low-income people and corporations, a speedup in public works and other job-creating programs for the unemployed, all calculated to pump $12 billion to $16 billion into the lagging economy this year, a similar amount in fiscal 1978. As comment rolled in last week from economists, businessmen, labor leaders and politicians, the predominant tone was one of disappointment.
Incentive Lack. Among economists, Liberal Robert...
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