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Ford Economy Proposals / Reaction #29052

ABC Evening News for Wednesday, Oct 09, 1974
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(Studio) Reaction taken from persons affected by Ford's economy proposals.
REPORTER: Harry Reasoner

(Glenview, Illinois) [Grocer Andy CALLAS - says Ford's proposals scare him. Disagrees with surtax plan.] Callas earns little more than $15,000 to support wife and children. [Wife Sia CALLAS - feels great anxiety over surcharge; income can be cut back only so much.]
REPORTER: Ron Miller

(Baltimore, Maryland) Baltimore unemployment rate 1% below national average Public service jobs won't be created by government unless national average reaches 6% or local average 6 1/2%. Unemployed persons react to their situation.
REPORTER: Bill Zimmerman

(Los Angeles, California) President' hsing. proposal may not help hsing. industry too much; details of proposal outlined. [Banker, Stuart DAVIS - says source of funds for hsing. loans must be taken from treasurer sources and that draws money from savings. No new hsing. created at all; finds Ford plan disappointing.] Few real estate salesmen and buyers expect to get government money for loans. [Realtor Mike WATSON - explains tight moneY situation.] [Home buyer Shirley LAWYER - plans to go ahead and buy now, although 11% interest rate exists on home mortgage.]
REPORTER: Dick Shoemaker

Reporter(s):
Miller, Ron;
Reasoner, Harry;
Shoemaker, Dick;
Zimmerman, Bill
Duration:
00:05:00

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