Word: springly
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Dates: during 1980-1980
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Unlike the Democrats, the Republicans had no major scars to heal after the primary battles ended. Most of Ronald Reagan's former rivals are now actively and wholeheartedly supporting him as they have since last spring, when GOP unity love-ins were in vogue...
...Reagan, he latched onto the bad inflation news to defend his own economic crowd pleaser: a $36 billion 1981 tax cut that more than a few economists fear could intensify the price spiral. Reagan had begun talking up a tax cut last winter and spring when the economy started plunging into recession. But in his 30-minute televised economic address late last week, he attacked the President for permitting a near doubling in the so-called misery index (see box) that Carter had badgered Gerald Ford with during the 1976 campaign, and argued in effect that big new cuts would...
Instead of drawing to a close against a backdrop of lengthening unemployment lines and deepening recession, as Democrats had feared and Republicans had expected, the campaign is climaxing with the economy perking up again. After a spring and summer of wary hesitation, consumers are starting to spend again and retail sales are inching up. A July-through-September survey of 1,600 top executives by New York's Conference Board research group shows business confidence itself to be improving...
Though few businessmen or bankers anticipate very much more than a sluggish and lackluster year ahead, most regard even that as an improvement over what might have been. Reports George Cloos, economist for the Federal Reserve Bank of Chicago: "There is not the gloom and despair that existed last spring. Some of the fear is gone...
...most immediate threat to the economy this time around is the renewed climb in interest rates, which dropped during the spring and early summer but have once again begun marching upward. High interest rates reduce the willingness of consumers to go into debt, and that spells big trouble not only for manufacturers of major household appliances such as dishwashers and refrigerators, but even more so for homebuilders and automakers, who to gether account one way or another for about 20% of G.N.P...