Word: expanding
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Dates: during 1970-1979
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...President Carter. When he enters the first of the primary elections next February, joblessness will be rising and the rate of inflation, though declining, will still be high. If the recession is mild, White House aides insist that they will not follow the usual practice of trying to expand the economy in a bid for votes. Notes Democrat Heller: "The political advantage now seems to lie more in the successful assault on inflation than it does in all-out war on unemployment...
CARTER. The details are still being worked out by HEW, which has taken so long on the plan that a White House aide reports: "Carter is pissed off with Califano." Now expected to be made public later this year, the scheme would expand Medicare and Medicaid benefits for the aged and the poor. In addition, it would give those unprotected by company or public plans a chance of buying insurance at a "reasonable" cost, although that figure has not yet been determined. This insurance, subsidized by the Government, would provide a "core benefit package," including hospital and physician services...
...Blue plans and private insurers in this direction, corporations could and should. Exxon, General Motors and AT&T have the bargaining power that individual patients lack and a powerful incentive to hold down medical costs: the lower the insurance premiums they pay, the more money they will have to expand plants, raise wages or distribute to stockholders...
Many speakers also criticized the Kennedy-Metzenbaum bill for shifting the burden of proof. The U.S. Government would not have to prove that a proposed merger might hurt competition, but the company wanting to expand would have to prove that competition would actually increase. Economist MacAvoy suggested that this approach was little more than a power play to make it easier for the Government to prove its antitrust cases. But, he contended, "the burden of proof should rest with the Michael Pertschuks of this world." The FTC is already empowered to act as both the prosecutor and judge in antitrust...
...reduce conglomerate mergers, he added, is to improve economic policy. Bringing down inflation would lead to lower interest rates and higher stock prices. Companies then would no longer have the opportunity to buy out firms at fire-sale prices. Meanwhile, corporations would have more incentive to expand on their own by investing in new plants and machines. The combination of those factors, said Rohatyn, would reduce the number of mergers...