The Economy: Another Professor with Power

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With his wife "Obie" (a nickname derived from her maiden name, O'Brien), Shultz lives quietly in a modest brick home in Arlington, Va. Except on mornings when he breakfasts at the White House, the Shultzes have their first meal of the day together in bed. They have five children, one collie and at least one generation gap. During antiwar demonstrations in 1970, guests at the Shultz home were startled to discover a GET OUT OF VIET NAM NOW sign in the hallway. Shultz had pointedly let his daughter Kathleen, who had joined the protesters, make her point by not removing it from sight. To relax, Shultz plays tennis and golfs; one of his frequent fairway partners is Meany.

Shultz's ascension to the Nixonian mountaintop may well turn out to be less peaceful than he would like. The economics professor has drawn ominous rumblings of displeasure from the farm bloc in Congress, and Nixon is counting on him to deal forcefully with other interest groups on potentially explosive labor and trade matters.

Loyalist Shultz is not ready to shy away from any gathering storms. Recently, a group of Princeton alumni approached him with a discreet feeler about the possibility of his taking over the presidency of his alma mater. Shultz was flattered, but he firmly let it be known that, out of his sense of extreme loyalty to Nixon, he would not even consider abandoning Treasury for the leadership of Princeton.

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