Cedar Rapids Gazette, August 29, 1974, Page 10

Cedar Rapids Gazette

August 29, 1974

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Issue date: Thursday, August 29, 1974

Pages available: 40

Previous edition: Wednesday, August 28, 1974

Next edition: Friday, August 30, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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All text in the Cedar Rapids Gazette August 29, 1974, Page 10.

Cedar Rapids Gazette (Newspaper) - August 29, 1974, Cedar Rapids, Iowa JO The Cedar Rapids Gazette: Thurs., Aug. 29. 1974 Big George! Virgil Partch Time To Air Diverse Opinions on Economy IU John ( unniff NKW VORK (AIM - Iii a series of lait* September eonferenees, President Kurd u ill seek the anti-iiiil.it ion views of tile varied elements that make up the economy, the view of “everyone iii the country, every part of America. ” \ikI in doing so lie is hound to find that those views are not iii such full agreement with existing policies, mainly those of the highly independent Federal Reserve Board, as was suggested by the previous administration. The fact is that not all \menca is united behind Arthur Burns, the Fed chairman. who steadfastly — and some say courageously — adheres lo a relatively tight money policy as a deferral!! to inflation The President will hear highly respected indiv iduals ask in all innocence Mow is it that high interest rates have failed to restrain prices, despite the almost theological belief that they do'.’ Housing Plight \nd furthermore, why has the nation s housing been sacrificed on that altar ’ H by have the equity markets been ripped apart for that belief ’ Why has business been denied capital and forced to borrow from banks.’ Fvon if the answers aren't fort booming, t he President likclv vv ill have scored a poli-t leal if not economic v ictory because he permitted the previously smothered suggestions. opinions, frustrations of so many to be aired During the Nixon adminis-t rat ion the economic dialog was arid It was unproductive. The climate was unreceptive to new ideas, and those people with something to sac got no nearer W ashiiigton than the newspaper letter columns l acked < onv it lion The Nixon administration's economic policy lacked conviction on its part and bel lev ability on the part of those aflVi ted It was marked by compromise, impulsiveness and reversals The goal of tin1 summit conference scheduled for Sept 27 aud IIN illustrates the failure of past attempts. It reduces the problem of inflation to the essential considerations To “clarify ” the present economic condition of the nation. To identify the causes of inflation lo consider “new and realistic" inflation restraints. To define "hardship areas" needing quick allen lion lo develop a consensus. lf I hose are the questions to be answered, then it is obv ious that those now in power feel that little has heretofore been answered or may be ev en understood Perhaps the easiest goal will be to clarify the economic condition (in that there appears to be a consensus the country the entire trading world, is iii a precarious condition because of inflation The dilemma lacing all these nations is that none of the alternat iv es open to them is completely desirable Further inflation might lead to collapse But needed restraint could put economies into a tailspin also A large and growing number of academics. business economists and other observers believe factors beyond domestic control are largely responsible for rising prices, aud that the cure isn t to throw people out of work and depress business. But. whatever economic answers can be developed, they probably won t tie any more important to some people than the feeling that Washington is listening, is trying to understand and does care Sale Ends 9/7/74 THE GREAT CLEARANCE SALE! SMALL CAR HEADQUARTERS BOB ZIMMERMAN Qygr 3QQ When you really neea acor. Car & Truck DISCOUNT CLEARANCE THEY MUST BE SOLD! You’ll never see prices this low again. 1975 prises will be approximately B% higher. C TOA    Frfiar    Rapids    Gazette;    Sun..    July    21,    1974 ii ii You’ll Never See Prices This LOW AGAIN!!! icral hod. $420 Price Hike For 1975 Fords New York T.mei service    approximately eight percent Nixon DETROIT — I he Ford Motor higher than present 1974 model of th^ Co. pions to raise prices on its prices.”    durin 1975 models an average of eight During the 1974 model year percent, or about $420. on its Ford raised its prices an un-shod average car at about the time precedented six times for a a vasj the automaker plans to in- total of $522 or ll.I percent on the troduce its new models next its average car and truck. colo^ September.    The    letter    was    the    first    indica-    yearX Ford’s intention to put don of how large the price in- The ' through the increase was dis- creases on the 1975 models encjs closed in a letter to 6.800 Ford would be. All automakers —    / dealers throughout the country. Ford. General Motors, Chrysler The letter said that ”1975 model and American Motors — have passenger cars will reflect ‘ad- said that they • \pec" substantial looking Vance billing prices* that are price increases next fall.    bari Wane 74 PINTOS EXAMPLES 74 Pinto 2 door Sedan No. 1634 74 MUSTANG M S 7IXS 33 MAVERICKS 43 PICKUPS 32 TORINOS 29Z TOROS 74 Maverick 2 door No. 1271 74 FI OO 16 ton with factory air. No. 1516 74 Torino 2-door. H T. No. 1552 74 Galaxie 500 4 dr. Factory Air. No. 1960 $2786 $3129 $2782 $3983 $3386 $4203 BOB ZIMMERMAN I Our Tull Service and Parti Department Open 7 GOOD USED CARS and TRUCKS ART IN VERY SHORT a rn Midnight Mondo/ thru Friday    SUPPLY    We    Con    Offer    You    the    Htqfiesf Ports Also Open 9 am Noon Saturdays Trode in Allowance NOW1 NEW ANO USEO CAR SALES OFFICE NOW OPEN MON., TUES., THURS., ANO FRI. 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