Battle for Nixon's Mind
)U,S inter] iponomlc pol-ly inside the (ration with the Treasury furiously resisting effortsÛÓdramatically reinforced by Republican election losses ÛÓ to accelerate the economy and reduce unemployment immediately.</br></br>Until the mid-term election, the push for acceleration was limited to a single high administration official: Herbert Stein of the PresidentÛªs CouncjP of Economic Advisers. Although his pub-, lie statements have been ambiguous, Stein has pushed hard in private to take the governmentÛªs foot off the brake and put it on the accelerator of higher spending and expansion of the money supply.</br></br>Stein was badly outvoted. Paul McCracken, council chairman, seemed to take a neutral view, but Secretary David Kennedy and his Treasury colleagues were anything but neutral. They warned that' premature acceleration of the economy would sabotage e f f o r t s to control inflation. All signs were that President Nixon</br></br>Setbacks suffered by Republicans last Tuesday, however, have brought scores of party politicians running to SteinÛªs side. They feel that the President badly underestimated the impact of unemployment in the past campaign and are demanding that something ÛÓ anything ÛÓ be done right now to prevent a recurrence in the presidential election year of 1972.</br></br>Thus, Mr. Nixon is facing one of the most crucial politico-economic decisions of his administration with nothing less than his own re-election and the future health of the Republican Party at stake. Largely untutored in economics, the President must find the right path through the divided counsel of his own advisers and the understandably panicky demands of party leaders. -	Û÷'åÈ