Word: hellers
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...impossible. Herbert Stein, a member of Nixon's Council of Economic Advisers, calculates that if full employment is to be reached on schedule, real gross national product-not counting price increases-must grow at an annual rate of 6%. His estimate closely parallels the view of Democrat Walter Heller, a former CEA chairman. Said Heller last week: "I am happy to see that they are starting to catch up with our arithmetic." The economy is far away from Stein's goal. Real G.N.P. rose only 1.4% in this year's third quarter, and it may decline...
Dang right, pardner. Not even the redoubtable Lee Marvin, sadly cast in the title role of Monte Walsh. He and Chet (Jack Palance) amble vaguely across Southwestern cattle country, swapping hand-rolled cigarettes and saddle-sore lines that would make a dogie bleat in an guish. Screenwriters Lukas Heller and David Goodman apparently drew their ideas from The Misfits and The Wild Bunch and hawg-tied them with early Zane Grey dialogue. The resulting wrangle is a tale of aging cowpokes in a changing West that ain't worth the price of a good branding iron...
...only thing worse than an antiwar play is war. The current mode is for such plays to be written by laughing Cassandras, doomsday seers with quips on their lips. A couple of seasons ago there was Joseph Heller's We Bombed in New Haven; now there is Kurt Vonnegut Jr.'s Happy Birthday, Wanda June. There is a strong temptation to say "Catch-23, please skiddoo...
...debate leads to a fundamental question that is less economic than political: Should the U.S. give a higher priority to slowing inflation or to bringing back full employment? Republican Sprinkel and Democrat Okun concur that the U.S. cannot do both in 1971. Heller adds that in order to restore full employment even by Nov. 7, 1972 -when voters will decide whether or not to re-elect President Nixon-the Administration would have to promote a business advance so vigorous that it would surely start a new inflation...
...WALTER HELLER, professor of economics at the University of Minnesota, former chairman of the President's Council of Economic Advisers...