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Carter Sees No Magic Wand for Economy Shift
President elect Jimmy Carter compares his win to FDR’s 1932 change era but warns he cannot perform miracles. He faces a stagnant economy with 8.1 percent unemployment and aims to reassure business leaders by avoiding wage price controls and meeting corporate executives. He weighs tax cuts versus job creation programs and plans to decide after 1976 fourth quarter data. He expects to consult advisers and congressional leaders to craft a unified plan.
MENTIONED IN THIS ARTICLE
UPI
White House
Plains, Ga
Jimmy Carter
Franklin D Roosevelt
Roosevelt
Herbert Hoover
Carter
Treasury
Thomas
Bert” Lance