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OCR Page 1 of 26December 15
OCTOBER 14, 1971
THE PRESIDENT HAS SEEN
The war remains the major foreign story, today featuring
Indian shelling of Dacca, and the resignation of the civilian
East Pakistan Government.
A MONS High White House official has put out the word that
unless the Soviets restrain the Indians, the plans for the trip
to Moscow may be altered. The criteria of Soviet restraint of
India will be the events of the next several days.
Perhaps the major story of the day, however, is the decision
by the President, announced, to devalue the American dollar as
part of the arrangements ending the international monetary dead-
lock. Many papers, indeed, most papers, lead with this as a
banner, and carrying secondary stories on what "devaluation"
means. Congressional approval noted in many papers.
Finally, both House and Senate have passed a welfare reform
bill containing the tough work incentives and W rk requirements
which the RUS President has asked, but without the guaranteed
income features. "The stick without the carrot," said one.
Talmadge is gehind the measure, which corresponds to what the
President requested in terms of tough work rules for welfare re-
cipients. Welfare lobby is howling.
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