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Carter News Conference / Economy #48151

ABC Evening News for Friday, Apr 15, 1977
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(Studio) President Carter holds news conference
REPORTER: Harry Reasoner

(DC) Carter comments on anti-inflation program and need for voluntary help from business, labor and public; notes CIA report with regard to international petroleum reserves shows less oil in reserve than believed; with regard to Strategic Arms Limitation Talks (SALT) and foreign relations, Carter may meet Leonid Brezhnev in fall, not necessarily to sign Strategic Arms Limitation Talks (SALT) agreement, and says he's encouraged with regard to Strategic Arms Limitation Talks (SALT), despite "Pravda" editorial again denouncing United States proposals. [CARTER - comments on inflation and energy problems and need for help from public. Sees nothing wrong with Sovs. giving arguments with regard to disarmament to own people.] After conf., Carter talks to reporters with regard to disarmament and present Strategic Arms Limitation Talks (SALT) proposals. [CARTER - notes 1st United States proposal is for immediate, drastic cuts, whereas Sovs. want to continue in line of Vladivostock agreement, which is United States 2nd proposal.] Other questions at conference with regard to tax refund withdrawal, water project cuts and size of White House staff.
REPORTER: Sam Donaldson

(Studio) At conf., Carter outlines program to cut inflation to 4% by 1979.
REPORTER: Barbara Walters

(DC) Some details of Carter anti-inflation program cited; among them, voluntary wage and price controls by business, labor and government AFL-CIO president George Meany and General Electric Company board chairperson Reginald Jones to meet with Treasury Secretary Michael Blumenthal next week to map out plan. Econ. adviser Chas. Schultze says plans not tired old proposals, but will work because Carter will make decisions needed to make it work. [SCHULTZE - says there's no magic key to open door to reduced prices.]
REPORTER: Dan Cordtz

(Studio) Anchor asks reporter if this is tough anti-inflation program, as advertised.
REPORTER: Barbara Walters

(DC) Program isn't tough; many parts same as Ford plan. New plan involves voluntary cooperation of business, labor and government
REPORTER: Dan Cordtz

(Studio) Anchor asks about chances of it working.
REPORTER: Harry Reasoner

(DC) Carter plan is to cut inflation 2% in 3 years; Ford cut it over 6% in 2 years Reporter questions public reaction even if Carter achieves goal.
REPORTER: Dan Cordtz

(Studio) Anchor asks if it will make things worse.
REPORTER: Barbara Walters

(DC) Program is to reassure people and if it doesn't, could be harmful.
REPORTER: Dan Cordtz

(Studio) AFL-CIO president's George Meany's disagreement with Carter assessment re: improved economy noted.
REPORTER: Harry Reasoner

Reporter(s):
Cordtz, Dan;
Donaldson, Sam;
Reasoner, Harry;
Walters, Barbara
Duration:
00:06:40

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