Economists project modest 1963 expansion if tax cuts pass
Washington economists foresee a sluggish 1983 style recovery into 1964 with output near 575 to 580 billion next year and a potential rise above 600 billion by 1964 if Congress approves Kennedy tax cuts. They warn delays could dampen spending and investment while higher deficits loom.
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Sterling
F. Green
Washington
Main Street
Wall Street
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Kennedy
Auto Industry Sees Record 1962 Output and Sales
1962 marked peak production and sales in American auto history aside from 1985, with domestic output near 7 million and imports around 300000. October set a record with 722,486 domestic car deliveries as 1963 models were unveiled. GM led with about 55 percent of the market, Ford ~28 percent, Chrysler under 10, and AMC just over 6 percent. New models included Buick Riviera, Pontiac Grand Prix, Olds Starfire, and Studebaker Avanti entering the scene.
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United States
Ben Phlegar
Detroit
Chevrolet
General Motors
Ford
Chrysler
American Motors
Studebaker
Pontiac
Oldsmobile
Car makers showcase 1962 gains and Corvette styling shift
In West Coast time trials the Avanti topped 170 mph. Chevrolet unveiled a redesigned Corvette two passenger fastback. Turbocharged engines appeared on the Corvair Monza and Oldsmobile Jetfire. Domestic production for 1962 hit 6,686,883 cars, led by standard Chevrolets, with Ford Galaxie and others rounding the top ten.
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Chevrolet
Oldsmobile
Buick
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