Memories of GOP Defeats Spur Nixon to Stimulate Economy
presidential election of 19$fons> a President is ham-largely because of the un, . evervthlnÛ_ he employment and economfdã¢"8 m everytnmg ne</br></br>presidential election of 19$fons> a President is ham-largely because of the un, . evervthlnÛ_ he employment and economfdã¢"8 m everytnmg ne say that the PresidentÛªs neffcated up with it> LBJ de. moves to ease restnction^oured almost daily eco. on the economy, announce^omic briefings, weekly tills week, are entirely po%ice rcp0rts that included icalÛÓbut	certainly details as the price of were not entirely cconomi^ter and eggSi and ad. Like several of the Pres^ance information on im-dents who preceded hii^ending labor negotiations. Mr. Nixon has assumed thwhat is more, he acted on role of the nationÛªs chief pfhe data.</br></br>In Mr. NixonÛªs case, every major economic statistic collected by the government is reported to him through the Council of Economic Advisers as soon as it it known. He receives frequent written roundups on business conditions from his economists and sees his chief economic counselor, Paul McCracken, several times most weeks. The Cabinet Committee on Economic Policy, which Mr. Nixon created as a forum for discussion of federal moves in the econ-</br></br>IN THE CURRENT situa- Ûª tion, Mr. NixonÛªs aides have; , produced charts and graphs to illustrate the 1958 and " 1960 slumps, and to show," the differences from the economy of today. Mr.,, Nixon told Republican congressional leaders at the White House Tuesday morning that he is going to be an "activistÛ in dealing with potential economic woes this fall and that he is following'' a plan which should stave off any serious slump.</br></br>The plan is not exacty a , secret, though many people , overlooked it amid the 284 pages of the PresidentÛªs economic report In late Janu- Û¢ ary. The key sentence said that ÛÏthe policy problem for ,Û¢ 1970 Is to take actions In the first half of the year which will place the economy on 'ÐÊ the sustainable path of mod- Û¢ erately rising output and significantly declining lnfla- , tion in the second half.ÛªÛªAt the moment, Mr. Nixon appears to be more interested in the rising output than the 'Û¢ declining inflation for the . fall, though he would like to have both if he can get them.