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Newspaper
Lawton Constitution
Location
Lawton, Oklahoma, United States of America
Date
Jul 19, 1973
Page
5
AP reports Nixon Phase 4 lowers controls on nonfood sectors by Aug 12 and extends wage guidelines while allowing food price rises and beef price ceilings until Sept 12. Gasoline, diesel, heating oil ceilings shift after Aug 12 with dollar-for-dollar cost pass-through later. Phase 4 aims for decontrol for noninflationary industries by year end.
President Nixon pursues tight money tight budget and price controls to curb a booming economy. Fed restraint and selective industry rules aim to slow price rises while targeting budget balance and controlled wage growth. The plan foresees phased easing by year end if inflation eases.
In Washington phase 4 drew mixed reaction from lawmakers. Senate Republican leader Hugh Scott called it a tough program aimed at high farm output and consumer supplies while House Republicans Gerard Ford and Carl Albert offered praise. Critics like Rep Wright Patman Rep Henry Reuss and Rep Benjamin Rosenthal warned of inflation administrative burdens and repeated economic mistakes. Some senators argued it would provide relief to processors and growers but worry about price hikes at the supermarket.
A historical note on how Britain unveiled the tank during World War I, marking a turning point in ground combat with armored vehicles designed to cross trenches, support infantry, and break stalemates on the Western Front.
All ages all types home fire auto boat house trailer SR-22 filing on DWI or accidents and commercial $345. 11th 355-5208.
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