Volume 17, Number 4 · September 23, 1971
Mr. Nixon's Economic Melodrama
By Leonard Ross, Peter Passell
One aspect of the new economic program of Nixon and John Connally should not have been unexpected: its benefits for the rich and disdain for the poor. Connally, in particular, has brought to the Administration a blunt favoritism for big business that calls to mind the way things are done in Houston. He has belittled the target of 4 percent unemployment and deplored the 'unacceptable' level of corporate profits: both, he thinks, are far too low. He has announced to the world America's resumed willingness to throw her weight around, as if there had recently been a moratorium. Like Lenin's, the Nixon-Connally Administration's New Economic Policy is an essay in realeconomik.
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