CBS Evening News for Friday, Sep 27, 1974
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) President Ford opens economy summit.
REPORTER: Roger Mudd
(DC) [FORD - admits battle against inflation won't be easy.] [Senator Mike MANSFIELD - states inflation is social dynamite.] Mansfield offers plan to heal economy, incling. reinstating wage, price controls. [Treasury Secretary William SIMON - charges wage, price controls unworkable.] [AFL-CIO George MEANY - states depression not solution to inflation problems but US econ. heading for depression.] Federal Reserve Bd. chairperson Arthur Burns recs. considerable criticism.
REPORTER: Nelson Benton
(Studio) Some economists and consumer advocates not pleased by Ford economy summit.
REPORTER: Roger Mudd
(DC) Critics charge consumers are forgotten victims of inflation. [Consumer advocate Betty FURNESS - believes consumers should have been incld. on some decision making at economy conf.] [Ralph NADER - says no department exists in Ford administration to advocate consumer interests.] At another mtg., group calling themselves radical economists believes summit is charade. [Prof. Leonard RAPPING - believes restructuring of economy system needed to beat inflation.]
REPORTER: Bernard Kalb
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.