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(Studio) Report on President Ford and unemployment.
REPORTER: Howard K. Smith
(DC) White House uses Thomas Jefferson quote "delay is preferable to error" in explaining inaction with regard to unemployment. Press Secretary Ron Nessen says there'll be no quick fix. [Acting chairperson House Ways and Means Committee Al ULLMAN - says must look to bad year and unemployment going up. Issue is how deep tax cut will be. Cuts needed to go into economy.] Ford hasn't decided on tax cut yet. Ford signs trade bill. Gives USSR most favored nation status in exchange for assurance of easier emigration of Soviet Jews. 200 persons, incling. Vice President Nelson Rockefeller present. [FORD - says world economy will continue under strain. Bill will let United States meet international trade challenges.] Bill and economic plan won't reverse unemployment trend before 8%.
REPORTER: Tom Jarriel
- Jarriel, Tom;
- Smith, Howard K.
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