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OCR Page 1 of 33THE WHITE HOUSE
WASHINGTON
February 10, 1972
THE PRESIDENT HAS SEEN
MEMORANDUM FOR THE PRESIDENT
INFORMATION
FROM:
DONALD RUMSFELD
SUBJECT:
Lou Harris Discussion at Price Commission
At Jack Grayson's request, Lou Harris presented his findings on the
economy and the control system to the Price Commission on February 8.
The major points of his discussion were as follows:
Confidence in the economy is still positive.
-
47% think that prices are rising more rapidly
than before, down from 73% last July
-
43% think unemployment is rising, down from
70% last July
-
49% think we are in a recession, down from
65% in July
-
43 - 32% feel the President's policies will
keep inflation in check
Confidence in the control system is eroding.
-
45% think that proper controls are being kept on
wages and prices, 50% do not. In November, the
rating on the same question was reversed: 50%
positive to 46% negative.
59 - 17% think the price guideline of 2.5% is
fair and reasonable; 54 - 23% - think the pay
guideline of 5.5% is fair and reasonable. Yet,
56 - 29% do not think the Price Commission is
doing a good job (72 - 10% approved of its
creation in November) 56 - 30% do not think
the Pay Board is doing a good Job (61 - 16%
approved of its creation in November).
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