U. S. economy: some problems are ahead

Journal Article · Tue Feb 15 04:00:00 EST 1977 · World Oil; (United States)

OSTI ID:6870068

Merklein, H A

This article compares the performance of several key indicators under the last three Administrations: Eisenhower (Republican, 1953 to 1961); Kennedy-Johnson (Democratic, 1961 to 1969); and Nixon-Ford (Republican, 1969 to 1977). The methodology is as follows: to the extent that the indicators lend themselves to such a treatment, the beginning year in each Administration will be considered as a zero-point of departure, a base year, and subsequent performance of the indicator will be indexed to that base year. Tracing through the performance of each indicator for each of the three administrations' eight years of tenure permits a comparison of these administrations. The variables examined are inflation, unemployment, union activities, interest rates, deficit spending, money relative to GNP, increase in real GNP, money printing, and the breaking-point criterion. The author concludes that the U.S. President is relatively powerless in regard to improving the economy, although he can exert great power to harm it. (MCW)

• Research Organization: Univ. of Dallas, Irving, TX
• OSTI ID: 6870068
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 184:3; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
DOCUMENT TYPES
ECONOMIC POLICY
ECONOMICS
ECONOMY
EMPLOYMENT
GROSS NATIONAL PRODUCT
NORTH AMERICA
REVIEWS
USA