Word: pumpings
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...Interior Secretary Fred Seaton, Labor Secretary James Mitchell, Defense Secretary Neil McElroy. Attorney General Bill Rogers and Vice President Nixon with the pacing of antirecession moves. In his letter to Knowland and Martin, the President hit out at Democrats, without calling any actual names, for the "sudden upsurge of pump-priming schemes" put forward by persons lacking "faith in the inherent vitality of our free economy and in the American as an individual." But all in all, the new policy marked a notable shift from the emphasis of the President's midweek news conference, when he seemed...
...such ideas as a one-year repeal of certain excise taxes, e.g., halving the tax on new autos, thereby saving the buyer $100 or more a year.* And they also were making practice passes at some new ideas, e.g., a two-month forgiveness of withholding taxes that could instantly pump out $2.3 billion in spendable take-home pay, thus give the economy a quick extra surge of power...
Cabinet Boss. Last week his issue was recession, and Lyndon Johnson, well prepared as usual, was in his finest hour. For weeks Senate Democrats had been drafting half a dozen pump-priming bills. By last week a $1.8 billion housing bill and a $500 million public-works bill were scorching along the Senate tracks, with Engineer Johnson holding throttle full-out. Johnson himself arose on the Senate floor to introduce two resolutions considering it "the sense of Congress" that the Administration should speed public-works spending. (Two days later...
...pump operates by electricity, uses a motor compressor and coils much like a refrigerator to keep the house at comfortable temperatures. In summer it draws the hot air out of the house through ducts, runs it over a refrigerated coil, circulates the cooled air back through the house. In winter, the pump draws in the cold outside air, picks up heat from it by passing it over an even colder coil; the heat is then transferred by fluid to a compressor, which raises the fluid to a high temperature, passes it to a second coil used to heat inside...
General Electric already has orders for 1,000 heat pumps to be installed in a new housing project at Cape Canaveral, Fla., hopes that four times as many heat pumps will be sold in the next three years as were in the last seven years. Biggest obstacle to widespread acceptance is the fact that the pump is still too expensive to operate in any but mild Southern climates, where little heating is needed in winter...