Speech by U.S. President Richard Nixon from the Oval Office of the White House in Washington DC, United States about inflation in the country. President Nixon speaks about battle against inflation. He states that the Congress can only hold down cost of living by holding down cost of the government. He says he would continue to veto spending bills which the country cannot afford. President Nixon urges the Congress to reduce tariffs and increase the supply of scarce goods. The President says the Congress should give him authority to move ahead with the Alaska Pipeline for oil to meet the shortage of oil and gas during energy crisis. He urges high production for farm industries. President Nixon speaks about peace in Vietnam and that all American prisoners have returned back. He talks about his summit meeting with General Secretary of the Communist Party of the Soviet Union Leonid Brezhnev which would take place a week later in Washington. President Nixon talks about achieving full prosperity without war and inflation. (Vietnam War period).
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