Business: Prudent and Responsible?

Carter's program draws blasts from both Democrats and Republicans

"There are no economic miracles waiting to be performed."

So declared Jimmy Carter last week in his annual Economic Report to Congress. For a President plunging into an election year, the message was unprecedentedly candid: a 183-page catalogue of woes, pain and frustration that contained a frank admission that the nation was heading into a recession. It also made clear that Carter fully expected to be campaigning for renomination and re-election in a period in which inflation would still be hung up in double digits and...

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