Search the Archive

Economy / Carter Inflation Speech #255227

CBS Evening News for Wednesday, Oct 25, 1978
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) Reactions to President Carter's economy plan speech noted; decline of dollar on world money mkts. reported.
REPORTER: Walter Cronkite

(DC) Carter's tax rebate plan for workers accepting wage increases of no more than 7% explained. [CARTER - asks American people to give plan chance.] Possible flaws in economy program noted. [Standard Oil Company economist Theodore ECK - notes unaccountability of foreign oil prices.] [United Steel Workers Union spokesperson James BALANOFF - cites contg. price increases for everything.] [LTV Corporation chairperson Paul THAYER - says people will ignore voluntary program.] [Economist Alan GREENSPAN - notes potential for rip-off.]

(Studio) Teamsters Union statement with regard to support of Carter plan reported; Carter appointed of Civil Aeronautics Board chairperson Alfred Kahn as chairperson of Council on Wage and Price Stability stated.
REPORTER: Walter Cronkite

(DC) Success of Kahn in achieving airline industry deregulation noted. [KAHN - states alternative to voluntary guidelines; says won't participate in transition to mandatory controls.]
REPORTER: Bob Schieffer

(Studio) White House statement with regard to receipt of questions on new plan detailed; cautious congress reaction noted; Republican chairperson Bill Brock statement with regard to political nature of plan reported.
REPORTER: Walter Cronkite

(Tulsa, Oklahoma) [Gerald FORD - says wage and price guidelines 1st step on path to mandatory controls; states Carter plan good political, poor economy]
REPORTER: No reporter given (KOTV tape)

Brady, Ray;
Cronkite, Walter;
Schieffer, Bob

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:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.