Word: hellers
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Washington Conversation (CBS, 12:30-12:55 p.m.). Guest: Walter W. Heller, chairman of the President's Council of Economic Advisers...
...Secretary Goldberg's "exercise room," Bobby's handball court and President Kennedy's heated swimming pool, perhaps Economic Adviser Heller could set up a trampoline and our sagging economy would bounce back...
...Toboggan. After the Clague flap, the White House ordered that economic pronouncements were to be limited to the top men-Kennedy, Treasury Secretary Dillon, Commerce Secretary Hodges and Chief Economic Adviser Heller. Even then, they were to be made soaringly, and Heller, in Paris for a 20-nation economic meeting, kept a tight lip when questioned about the stock-market slump...
...have no immediate intention of recommending a tax reduction at this session [of Congress]?" Replied Dillon: "None whatsoever." But the policy was not really that solid. Dillon assumed that the economy would perk up without a tax cut. If it fails to do so, the argument of Walter Heller, chairman of the President's Council of Economic Advisers, who wants an early tax reduction, will probably prevail...
Jack Kennedy has found an asset to America in Academic Economist Heller: 8 billion more in debt (temporarily, of course), gold reserves still declining, and the market down 150 points. With such an impressively "minus" record, I can hardly wait for the new tax reforms...