CBS Evening News for Friday, Oct 22, 1971
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(Studio) Govt. analyzes effects of Nixon economic policy.
REPORTER: Roger Mudd
(DC) Living costs up .2% in September Auto and food prices down .3%. Other increases in college tuition, hsehold. services and clothing. Council Econ. Advisers Chairperson, Paul West McCracken reported study underway for freeze violations. IRS (Internal Revenue Service) to survey consumer complaints on clothing prices. Production incrd. 3% in 3rd quarter compared to 4.75% in 2nd quarter GNP incrd. by $16 billion. Senator William Proxmire says economy took step backwards. [McCRACKEN - says economy indicators encouraging.] Freeze had good effect on consumer prices. Production increases are uphill fight.
REPORTER: Daniel Schorr
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