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Third, I am establishing a Regulations and Purchasing Review
Board. All government actions will be reviewed to determine where
such Federal purchasing and regulations drive up costs. and prices;
our import policy will be reviewed to see how supplies can be in-
creased to meet rising demand, without losing jobs here at home.
Let me specifically spell out what I will do and what I will not
do. I intend to help focus the attention of business and labor on the
need for increased productivity. This is the way for them to serve
their own interest while serving the public interest. This is the only
way to make sure that increases in earnings are not wiped out by the
rising cost of living.
This Administration, by its spending restraint, has set the
example in this past year; we believe we have now earned the credentials
to call for similar restraint from business and labor to slow down
inflation.
Now is the time for business at every level to take,price actions
more consistent with a stable cost of living, and now is the time for
labor to structure its wage demands to better achieve a new stability
of costs.
The fight against inflation is everybody's business. If you act
againstthe national interest; if you contribute to inflation in your price
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"ocrText": "-10-\nThird, I am establishing a Regulations and Purchasing Review\nBoard. All government actions will be reviewed to determine where\nsuch Federal purchasing and regulations drive up costs. and prices;\nour import policy will be reviewed to see how supplies can be in-\ncreased to meet rising demand, without losing jobs here at home.\nLet me specifically spell out what I will do and what I will not\ndo. I intend to help focus the attention of business and labor on the\nneed for increased productivity. This is the way for them to serve\ntheir own interest while serving the public interest. This is the only\nway to make sure that increases in earnings are not wiped out by the\nrising cost of living.\nThis Administration, by its spending restraint, has set the\nexample in this past year; we believe we have now earned the credentials\nto call for similar restraint from business and labor to slow down\ninflation.\nNow is the time for business at every level to take,price actions\nmore consistent with a stable cost of living, and now is the time for\nlabor to structure its wage demands to better achieve a new stability\nof costs.\nThe fight against inflation is everybody's business. If you act\nagainstthe national interest; if you contribute to inflation in your price"
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