The Issue of the Present Economic Situation, July 19, 1974
A draft statement with handwritten notes and edits in which Jack Brooks addresses the economic situation of inflation in the United States in 1974. Brooks analyzes past unsuccessful policies and recent economic statistics released by the Department of Labor. He acknowledges the connections between slowing economic activity, the "depressing effects of energy shortages," and unemployment, and how those factors, combined with continuing inflation, could cause "another period of stagflation." He states that it is up to the government to make progress towards curbing inflation, and he criticizes the Nixon Administration's policy errors for the economic difficulties that the country faces. Brooks proposes possible steps towards correcting the economy.
Brooks, Jack, 1922-2012
Jack B. Brooks papers
Nixon, Richard M. Richard Milhous, 1913-1994
Congressional and Political History
Jack Brooks digital legacy project
Politics and Elections