Business: Carter: a Problem of Confidence

Executives cannot figure him out

If any Democratic President could get along with business executives, it ought to be James Earl Carter. He won his party's nomination as an outsider railing against bloated Government, angered liberals by putting a balanced budget ahead of expensive new social programs, and disavowed any thought of imposing wage-price controls or even guidelines. Perhaps equally important, as Carter frequently observes, he is a former businessman himself. During the campaign and for a while after the Inauguration, even many executives who voted for Gerald Ford did indeed warm to...

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