U.S. President Richard Nixon addresses American citizens on the nation's economy in Washington DC.
Washington DC USA Date:1970, June 17 Duration:26 min 49 sec Sound:Yes
U.S. President Nixon addresses the American citizens on the nation's economy in Washington DC. The White House. The President in his office. He talks about the 3 subjects of public interest- jobs, income and cost of living. He briefly discusses the nation's problems and their causes. He introduces a program which deals with these problems. The first step involves the recognition of causes. There exists a transition between the peacetime economy and a wartime economy. Labors and the businessmen prefer the peacetime economy. He states that his government takes the responsibility to cut down the expenditure in order to strongly restrain the current economy. They have also decreased the Federal spendings. He talks about his actions against the inflation. They include- appointing the National Committee on Productivity to check how well the resources are being used, instructing the Counsel of Economic Advisor to prepare a periodic inflation alert and establishing a purchasing and review board to review all the government actions. The President briefly talks about the actions he will take and those which he would not take. He states that at this time the Congress and the President should co-operate each other on common welfare programs. He requests the Congress to help him by passing the legislation related with peoples' jobs and cost of living and to act on the one which have already been submitted by him. He asks the Congress to join him on the way of cutting down the government spendings. He also talks about the significant happenings taking place in the American economy. The President believes that in the next 5 years American consumer will be able to buy 20% more than what he does today. The White House in Washington DC.
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