Word: decontrolling
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Dates: during 1970-1979
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Jimmy Carter's decision to decontrol the price of oil two years before it was legally mandated may have been the single biggest mistake of his tenure as president. Carter swam into the presidency / spouting populist rhetoric. He's still spouting, but his actions belie his words. On the issue of oil prices, he has flipped and flopped like a fish on the oil industry line...
...President's broadside was recklessly inaccurate, and embarrassed White House staffers had to rush to issue "clarifications," The trillion dollars, a White House aide explained, is actually the amount of additional oil revenues-not profits-that the companies will receive as a result of decontrol of domestic crude oil prices over the next ten years. What Carter meant to say, the aide insisted, was that the Senate version of the windfall tax bill will leave the industry with $130 billion more in profits from decontrol than the House measure. Other aides meanwhile tried to downplay and defuse the remarks...
...background in architecture and planning gives me an edge over other candidates in solving housing problems," Okun says. He cites housing as the major issue in this year's campaign, and advocates ending rent control in favor of a vacancy decontrol program with federal rent subsidies for low incorae families...
Russell is also a backer of vacancy decontrol. "We need some rent control to protect the elderly and to minimize tension between landlords and tenants," he added...
Sullivan favors vacancy decontrol so that landlords can re-rent vacated dwellings at their current market value. He also supports condominium conversions, unless they result in the eviction of senior citizens and disabled persons...