Recovery Straying From Nixon's Plan
PRESIDENT NIXON keeps insisting that 1871 was e "good yearÛ for business but the figures disclose that the U.S. is stumbling through the weakest post-recession recovery of the past 28 years,</br></br>PRESIDENT NIXON keeps insisting that 1871 was e "good yearÛ for business but the figures disclose that the U.S. is stumbling through the weakest post-recession recovery of the past 28 years, Û¢Unemployment Is sticking at 6 per cent and one-quarter of the nationÛªs Industrial capacity is lying Idle.</br></br>Consumers and businessmen are spending cautiously. The recession ended 15 months ago but the customary gnapback has yet to appear.</br></br>White House and Federal Reserve System policymakers a re bleakly aware that the recovery has not come close to following the Administration game plan. Business activity was supposed to be climbing smartly and unemployment was to be tumbling by now but the anxiously awaited momentum has not appeared.</br></br>Election day is only a little more than eight months away. The Administration knows the pickup will have to appear soon or it will come too late to influence either voter attitudes or the closely watched Job and.pro-duction barometers.