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Wage-Price Freeze #16776

ABC Evening News for Friday, Aug 20, 1971
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(Studio) Govt. begins legal action to prevent wage increases from being paid to Texas employees as promised by Texas Governor Preston E. Smith; government not to make purchases from freeze violators.
REPORTER: Howard K. Smith

(DC) [Vice President Spiro T. AGNEW - says President Nixon hopes freeze will rally everyone to defeat inflation; thinks AFL-CIO President George Meany has changed positions since freeze imposed to continue opposition to Republican party.]
REPORTER: Howard K. Smith (narrates)

(Studio) Meany proposes Congress withdraw power with which President Nixon imposed freeze.

(DC) [Ralph NADER - says fact that General Motors began selling cars at 1972 prices before freeze indicates they had advance warning.] [Senator William PROXMIRE - asks if can conclude General Motors knew of freeze from evidence presented.] [NADER - says Treasury Secretary John B. Connally's discussion of car pricing with General Motors executive made it easy for freeze to be intimated without actually being spoken of.]
REPORTER: Bob Clark

(Studio) General Motors spokesperson says company had no advance knowledge of freeze.
REPORTER: Howard K. Smith

Reporter(s):
Clark, Bob;
Smith, Howard K.
Duration:
00:04:10

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