Ike On Economy - Warns Wage Boosts May Cause New Inflation

Ike On Economy - Warns Wage Boosts May Cause New Inflation 01:06:41 President Eisenhower across front ot White House Press Conference desk & microphones. Reporters. 01:06:49 SOF “First of all, if we are going to remain a country w/o artificial control, meaning that we are not going to try to go into a Federally controlled economy, then labor & business must be very very careful about this whole problem of increasing wages each year above those rates that imply or show an increase in productivity; and business must make its profits of such a scale where they can still continue to invest money so that they are not robbing the public. Because if they do it is as sure as you’re a foot high that one day the American consumer is going to rebel. He’s going to rebel in a big way & there will be real trouble & we’ll get something that we don’t want. Now, Government principal is to keep down expenses so that we can try to keep, so as far as we can, fiscal responsibility. And I do not admit, and I do not for a moment believe that we are going to have constantly increasing ??. I believe that the prospects are...as horrible as it is...” 1958 Economy; Economics; NOTE: Raspy track due to source negative.