McGovern Proposes Economic Plan
DALLAS, Aug. 13ÛÓSen. George McGovern (D-S.D.) proposed an alternative to the Nixon economic policy today, calling for a $10 billion federal stimulus he said would cut unemployment to 4.5 percent by the end of 1972.</br></br>McGovernÛªs proposal, announced before 2,000 Texas labor leaders, would add $10 billion to the current budget and apply a six-month wage-price-dividcnds freeze and federal insurance for those on fixed incomes.</br></br>"Employment is not the result of war,Û McGovern told a warm, receptive crowd, "Instead, unemployment is the result of the kind of government in action that has characterized this administration.Û</br></br>McGovern and Sens. Hubert II. Humphrey (D-Minn.) and Fred Harris (D-Okla.) today were the last of the six presi-</br></br>With the exception of Harris, who reiterated his call for a "populist kind of progressive coalition,Û all urged some type of wage and price controls while declaring the Nixon administrationÛªs economic game plan a failure.