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Economy and Inflation / Reactions To Carter Proposals #257299

CBS Evening News for Tuesday, Apr 11, 1978
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(Studio) Report on reaction to President Carter's inflation remarks. Federal Reserve chairperson Miller's statement quoted. Congress reaction reported; film shown. [Representative Robert GIAIMO- thinks Carter address positive overall and makes inflation problem and need to fight it clear.] [Representative Henry REUSS - says Carter gets tough on inflation and if private sector does its share, progress can be made.] [Senator Howard BAKER - doesn't think speech went far enough. States own beliefs with regard to answer to inflation.] [Senator William ROTH - says it's all rhetoric.] Other reactions reported; film shown. [State, Cnty. and Municipal Employees Union president Jerry WURF - cites opposition to Carter's use of public employees as scapegoats and making no attempt to control private sector.] [American Federal of Govt. Employees president Kenneth BLAYLOCK - states union's opposition to wage and price controls and deeper opposition to putting wage controls on small section of work force.] [National Association of Mfrs. president Heath LARRY - says there must be stopping point where it's realized that everything can't be afforded; thinks President tried to convey this.] Farmers reaction to Carter opposition to farm bill noted and House Rules Committee's action clearing way for House vote on bill reported.
REPORTER: Walter Cronkite

(Sedgwick Cnty., Kansas) Situation of farmer Richard Basore and wife Susan used as example of farmers plight and support for farm bill. [BASORE - notes they carry share of inflation.] [Susan BASORE - says it hits them 2 ways.] Effects of rising product costs and low price of wheat on Basore's farming described. [BASORE - can't see that raising price of wheat would be terribly inflationary; cites reasons.] [Farmer Gene WOODARD - thinks American consumer has idea that farmer owes them cheap food. Is consumer also and has to buy food; doesn't think farmers owe American people this.] Cattlemen's opposition to farm bill and reasons noted. [Cattleman Lyle GRAY - states reasons farm bill would be inflationary to cattlemen.] American Agriculture Mvt. efforts to rally farmland support for bill reported.
REPORTER: Chris Kelley

(Studio) President Carter's mention of delay in getting energy bill through Congress noted. White House meeting between Carter and key energy legislators on impasse over natural gas pricing controversy reported Conferees agreement on phasing out of controls and disagreement on methods cited; House Energy Committee chairperson Thomas Ashley's statement on situation quoted. Results given of recent CBS "News-New York Times" poll question on public opinion on economy control by Carter.
REPORTER: Walter Cronkite

(DC) Report on results of poll on questions with regard to economy, Carter's handling of it, how it's affecting lifestyles of Americans and who's to blame for state of economy
REPORTER: Morton Dean

Reporter(s):
Cronkite, Walter;
Dean, Morton;
Kelley, Chris
Duration:
00:07:40

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