ÛªThe Loyal Opposition': Nixon Inaugurates a Monthly Column With a ...
JOHNSON INFLATION will be the major domestic issue of the 1966 congressional campaign. His deceptive guns-and-butter budget, which just a month ago was hailed as a political masterpiece, has turned out to be his first major political blunder.</br></br>His irresponsible refusal to face up to the danger of economic escalation at home at a time when we have military escalation abroad will cost his party scores of House and Senate seats in November; more important, it will cost those Americans who can least afford it billions of dollars in higher taxes and higher prices. <</br></br>His budget message should have been a declaration of war against inflation. Instead it was a declaration of JohnsonÛªs War on ProsperityÛÓa war in which the casualties will be the family budgets of millions of Americans.</br></br>THE AMERICAN people are entitled to have the answers to two questions: How did we get into this War on Prosperity? And how can we get out of it?</br></br>The answer to the first question is clear. As prices and taxes rise, Administration spokesmen will try to blame labor for demanding higher wages, they will try to blame business for asking for higher prices, they will try to blame the war in Vietnam.