Word: sectored
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...nation's economy. Democrats have switched from depression-born bread-and-butter issues to "jam-and-jelly" issues on how the U.S. should live with its prosperity. As they see it, the Government should intervene to promote faster "growth" and shift resources from private spending to the "public sector." Nixon dismisses the idea of set ting a specific national growth-rate goal as mere "growthmanship," urges tax reform, and a chance for the time-tested U.S. free enterprise economy to grow without Government controls...
...market with a bag full of goods," he said. "I can say to all of you: Wrap up all your goods and send them to us. We can buy all of Austria." Nikita was just as cavalier about Berlin. The 2,000,000 people in the Western sector were not important in themselves, he observed. "If I told Russian men to make a little more of effort, they could make that many people in nine months...
...Major Weakness. What many economists find most encouraging is that there is no single weak sector that threatens to pull the economy down. Inventory buying is expected to remain at the $5 billion level in the third quarter, and may rise in the final period. Says a top Administration economist: "That drag is behind us." Plant and equipment spending, although trimmed slightly, will still be 14% ahead of last year and close to the 1957 record of $37 billion. Federal highway spending under the federal aid program will double to $1.4 billion in the next three months; Government purchasing will...
...What sort of society are they proposing?" The way to achieve maximum growth in America, he countered, is not by increasing the size and cost of Government but by: ¶ Expanding the "opportunities for investment and creative productivity for millions of free Americans." ¶ Avoiding interference in "the private sector of our economy." ¶ Pursuing a "sound fiscal policy" to forestall inflation. ¶ Combating "abuses of economic power by management or labor...
...Public Sector. Having made it clear that he was against forcing growth just to meet some arbitrary figure, Nixon made a deep bow to the advocates of more Government spending. "If we are to grow at a maximum rate in America," he said, "we must recognize the continuing need for investment in the public sector-in our public education establishment, in our national transportation system, in the renewal of our run-down urban areas, in the development of our natural and human resources . . . But among our other objectives are freedom and security . . . What best promotes freedom best promotes growth. What...