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US economic policy attacked
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By DON MIDDLETON
Staff Writer
The ills of American economic
policy and the men who make it was
the subject of a spicy, and some
times caustic, talk by journalist
Louis Rukeyser, television’s top fi
nancial expert and host of "Wall
Street Week. ”
Rukeyser opened his speech with
j ■> series of well-aimed, rapid-fire
jabs that found their mark on per
sonalities ranging from former Pres-
| 'dent Nixon to the Mafia.
Gerald Ford quickly became a
favorite target for Rukeyser’s barbs.
He characterized Ford’s "Whip In
flation Now" program as the shor-
t«t war in history.
If you had to leave the room at
I anytime you would have missed the
whole war,” said Rukeyser.
Even the journalist himself was
not immune to stinging witticism.
I Describing his qualifications to
speak on economic policy, Rukeyser
said, “I spent two years in New De
mand India devalued the rupee. I
moved to London and Britain de-
v alued the pound. For the last
seven years I've been concentrating
°n the American economy. After
I mis program we're going to take up
a collection to send Rukeyser to
Switzerland and Saudi Arabia. ”
With the audience firmly in his
pip, Rukeyser outlined ten areas in
w bich positive action is needed in
order to put the economy back on its
met. These were public education,
•be national budget, banking and
credit, labor, business, governmen
tal restrictions on the free market,
International commodity shortages,
foreign policy and the individual.
Rukeyser contended that public
confidence is a factor directly affect
ing the economy. Citing the loss of
confidence in the administration
after Watergate, he said that “when
confidence evaporates in this coun
try, the economy can spiral down
ward.”
Throughout his talk, Rukeyser
stressed that inflation is the under-
lying cause of the economic situa
tion today. However, he stated that
to fail to fight both recession and
inflation at the same time is to in
sure that both will flourish.”
Rukeyser also pointed out the
dangers of trying to rejuvenate the
economy too quickly through prog
rams such as wage-price freezes.
The problem with wage and
Aggies to tour
launch areas
A&M cadets in the Society of
American Military Engineers
(SAME) will tour Cape Canaveral
this weekend.
Army, Air Force and Naval
ROTC cadets will make the two-day
trip. The 60-member group, includ
ing Lt. Col. Malcolm Sandlin, will
leave at 8 a. m. Friday and return
Saturday afternoon.
While at Canaveral, the SAME
members will tour the vertical as
sembly building, rocket transport
facility, a launch pad and control
center. The vertical assembly build
ing now contains the Saturn V roc
ket being prepared for lifting U.S.
price controls, ” he said, “is that they
deal only with the symptons of infla
tion and not the causes, and divert
attention from those who contribute
to inflation to those who are its vic
tims. American businessmen and
workers were made the scapegoats
of senseless politicians.”
Directly related to inflation is un
employment. Rukeyser admitted
that the job situation is bad every
where.
"Up in New Jersey even the
Mafia had to lay off two judges,” he
said.
But he also added that “no nation
anywhere, at any time, has ever
managed to stop inflation without
License deadline
nearing for Texans
Midnight Tuesday is the deadline for motor vehicle regist
ration in Texas.
After that time law enforcement agencies have been in
structed to stop motorists not displaying the 1975 plates to
remind them of their licensing responsibilities, the Texas
Highway Department reported.
In lieu of annual replacement, motorists will be issued an
adhesive-type sticker beginning in 1976 to update their plate
for another year. The sticker will be placed in the debossed
upper left comer of the plate. Once in place, the tags cannot be
easily removed without deterioration.
County tax offices will continue to issue annual plates to
certain classes of motor vehicles including radio operators,
dealers, government officials and cars with personalized plates.
increasing unemployment.
Rukeyser discussed in depth the
energy shortage and its effect on the
economy. He said that we will con
tinue to work for peace in the Mid
dle East and spend millions of dol
lars for their defense. However, no
money would be paid as tribute to
governments in return for oil.
He also advocated the need to ex
ploit other energy sources such as
the Alaskan pipeline and nuclear
power plants, as well as removing
controls on natural gas prices.
In the area of foreign policy,
Rukeyser suggested that it be con- 1
ducted with greater attention paid 'rrj-Z&Cvk
to how it will effect the economy. •
He feels that we should use every
weapon necessary to convince the
Arabs that we will not continue arm
ing them so they can rob us.
On the whole, Rukeyser’s outlook
for the American economy is op
timistic. He stated that although
present trends will continue for a
while, no depression is in sight and
opportunities for economic expan
sion in the next eight to ten years are
unlimited.
“The main danger facing us now,”
he concluded, “is not recovering too
slowly, but trying to recover too
quickly.”
THE BATTALION Page 3
WEDNESDAY, MARCH 26, 1975
NOTICE
Students—Faculty—
Staff—Former Students
Memorial Student Center Guest Rooms, located in the
Memorial Student Center on campus, is now open.
For reservations call 845-4253
HAPPY COTTAGE ^
This Easter give that sweetheart Harvey —
the big beautiful rabbit.
Handpainted porcelain egg necklaces. Also wood eggs from
Bethlehem. Baskets and cuddly bunnies for the kids. Cros
ses, bookmarks and MUCH MORE.
HAPPY COTTAGE HAS YOUR EASTER GIFT. COME
SEE US. 3 BLOCKS FROM CITY NATIONAL BANK.
jjjampus. jbriefs
Book donations asked
. TtaFhcnds of the Texas A&M University Library is asking for dona-
ons of books, magazines, maps and posters for their April 17 book sale.
are t P rov * c ^ e< t on the first floor of the University Library or the
Wenals can be picked up by calling Pam Walton at 845-1952, Monday-
biday from 8 a.m. till 5 p.m.
Proceeds from the sale will be used to restock the library’s collection of
| Paperback books.
Computer shortcourse
ii. i n ' n S du< ; tory short course in Programming Language I will begin
Piarch 31. I he class is free on Monday, Wednesday and Friday from 5 to 6
Classes will be held in room 200 of the Harrington Complex.
For more information call Dr. Chuck Adams at 845-4211.
Sunrise service
I . A ^-minute Easter sunrise service will be held at 7:30 a. m. on the east
side of the System Administration Building.
The Rev. J. B. Scearce of St. Paul’s Methodist Church will bring the
Message and a community sing will be part of the service.
Tbe public is invited to attend.
Easter Egg hunt
j Players are sponsoring an Easter Egg Hunt on campus
Twelve hidden eggs will contain notices entitling the student to a free
C ^i 0 , ° < ^ s P e ll - ^ l ues to the locations of the eggs will appear Thursday.
e ,,,n t oegins as early Sunday morning as the hunters wish to rise and
the clues are the only starting points.
Horseback ride planned
. The Outdooi Recreation Committee will sponsor a horseback ride this
Weekend through Sam Houston National Park. For further information
ItOntact Ann Chenoweth, trip leader, at 845-4709.
GIBSON • MARTIN • LABELLA
GUITAR STRINGS
Newett Stringed Service
907 Foster Ave., C.S. 846-2749
ERNIE BALL • BANJO STRINGS
Take a few minutes to
bring your bicycle in
for service.
WE SERVICE ALL MAKES OP BICYCLES
Also Sales Center For:
PEUGEOT • RALEIGH • BICYCLES
Bicycle parts & accessories
CENTRAL CYCLE & SUPPLY
Sales • Service • Accessories
Tal 5 °VL 2 ?T th St - T 822 ' 222 8 — Closed Monday
Take East University to 29th St. (Tarrow Street)
1
11
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1
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This may be
a better time
to buy or build
a new home
than you think.
Bryan-College Station Builders and Realtors have
never had more property to show nor have they
ever had better terms for purchase. There is no
shortage of good buys on the real estate market.
But there is a shortage of money.
But not at BB&L. Area saver confidence in BB&L
has never been greater. Savings deposits are at an
all-time high. BB&L has ample funds to finance new
and older homes. And the rates are affordable.
If your family has been considering buying or build
ing a new home, this may be a better time than you
think.
Ask any officer for details. BB&L wants to help you
to have that new home.
There is no shortage of good buys in the real
estate market. There's a shortage of money.
But not at BB&L.
BB&L
A Savings^ Institution