• Short Summary

    PRESIDENT NIXON SAID ON MONDAY (26 APRIL) THAT THE UNITED STATES WAS ON ITS WAY TO A PERIOD OF SOLID, SUSTAINABLE ECONOMIC GROWTH WITHOUT A NEW ROUND OF INFLATION.

  • Description

    1.
    GV CAPITOL BUILDING, WASHINGTON.
    0.11

    2.
    SV NIXON SPEAKS (SOUND)
    1.30


    TRANSCRIPT: NIXON (SEQ. 2): "YOU HAVE A RIGHT TO BE CONFIDENT THAT THIS NATION WILL REJECT THE COUNSEL OF THE NEW ISOLATIONALISTS. WE ARE ENDING OUR INVOLVEMENT IN THE WAR IN SOUTH EAST ASIA. ENDING IT IN A WAY THAT WILL PERMIT US TO STAY INVOLVED IN BUILDING A FULL GENERATION OF PEACE THROUGHOUT THE WORLD. BUT YOU CAN BE CONFIDENT THAT AMERICA'S ECONOMY WILL CONTINUE ITS CONTINUOUS EXPANSION WITHOUT BRINGING ON A NEW ROUND OF INFLATION. I SAY THIS BECAUSE THE FACTS SHOW, AND I WANT TO GIVE YOU THE FACTS. IN 1969 INFLATION WAS GOING ALONG AT A RATE HIGHER THAN SIX PER CENT A YEAR. IN 1970 WE MANAGED TO REVERSE THAT TREND AND PRICES ROSE FIVE AND A HALF PER CENT. BUT IN THE FIRST QUARTER OF THIS YEAR, PRICES ROSE AT THE ANNUAL RATE OF TWO AND SEVEN-TENTHS PER CENT. THAT'S THE LOWEST RISE IN FOUR YEARS. WE HAVE CUT THE RATE OF INFLATION IN HALF. BUT THE BATTLE IS STILL THERE TO BE FOUGHT. THE FIGURES AHEAD, MONTH BY MONTH, WILL HAVE THEIR UPS AND DOWNS. BUT THE WORST OF INFLATION IS BEHIND US AND I AM DETERMINED TO SEE TO IT, WITH YOUR HELP AND WITH THE HELP OF OTHERS, THAT IT STAYS BEHIND US. WE ARE ON OUR WAY TO A PERIOD OF SOLID, SUSTAINABLE EXPANSION. THE KIND OF EXPANSION THE NATION NEEDS TO PROVIDE NEW JOBS FOR WORKING MEN, NEW OPPORTUNITIES FOR BUSINESSMEN."




    Initials BB/2150 TA/DW/BB/2159


    TELERECORDING original colour on 4665/71 45ft

    Script is copyright Reuters Limited. All rights reserved

    Background: PRESIDENT NIXON SAID ON MONDAY (26 APRIL) THAT THE UNITED STATES WAS ON ITS WAY TO A PERIOD OF SOLID, SUSTAINABLE ECONOMIC GROWTH WITHOUT A NEW ROUND OF INFLATION. IN A SPEECH TO THE U.S. CHAMBER OF COMMERCE, MR. NIXON EXPRESSED CONFIDENCE THAT A NEW PROSPERITY LAY AHEAD.

    THE PRESIDENT QUOTED FIGURES TO SHOW THAT HIS GOVERNMENT HAD CUT THE RATE OF INFLATION IN HALF AND SAID THAT THE FIGHT AGAINST RISING PRICES WAS BEING WON.

  • Tags

  • Data

    Film ID:
    VLVA6GVU2O0XUTB1D9SCGSGALVTBQ
    Media URN:
    VLVA6GVU2O0XUTB1D9SCGSGALVTBQ
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    27/04/1971
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:15:00
    Time in/Out:
    /
    Canister:
    N/A

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