Fordonomics
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English
[edit]Etymology
[edit]Blend of Ford + economics, equivalent to Ford + -o- + -nomics.
Noun
[edit]Fordonomics (uncountable) (rare)
- (US politics) Economic policies associated with the administration of Gerald Ford, 1974–1977.
- 1974, International President's Bulletin, page 197:
- Nixonomics or Fordonomics, the results are readily predictable because it’s all been done before, the Council declared: / “During the past two decades there have been five cyclical declines in residential homebuilding. […]
- 1975, United States Congress Joint Economic Committee, “Midyear Review of the Economic Situation and Outlook”, in Hearings, Reports and Prints of the Joint Economic Committee, The United States Government Publishing Office, [From the Washington Post, July 31, 1975] / The Myth of the Federal Deficit / (By Hobart Rowen), page 255:
- Take Rep. George Mahon, chairman of the House Appropriations Committee, a reasonable, responsible conservative Democrat. At a session sponsored by the Democratic caucus to hear a critique of Fordonomics, Mahon had this to say to former Economic Council Chairman Walter W. Heller: / “I find people I talk to in and out of Washington, in and out of Texas, are wondering where this country is headed. How long can we go on with the debt now at $534 billion? It is going on up toward $600 billion and upward to $1 trillion. […]
- 1975 August 11, Newsweek[1], page 26:
- ▪ In economics, Ford settled on his base premise early on: that inflation was more ruinous to more people than recession and that it could be contained only at the cost of some pain in added unemployment. His rare candor in saying so has won him high marks, even among liberals who object to his policies. He can, moreover, claim with some statistical support that Fordonomics is working—that the slump is bottoming out and that inflation has come down from double to single-digit levels.
- 1976 April, Newsweek, volume 87, page 266:
- Debate: The first dividend has been to muffle Reagan’s running sermon on Fordonomics in general and deficit spending in particular as the root of all economic evil.
- 2003 December 10, Dave Smith, “Re: Take That You French Whores......................”, in rec.food.cooking (Usenet), message-ID <3FD7D526.4755A094@sympatico.ca>:
- > >> How about the U.S. STOPS ALL FOREIGN AID TOMORROW, *INCLUDING* TRADE / > >> SUBSIDIES TO SOCIALIST cANADA! / > > / > > The US subsidizes Canadian trade? It subsidizes farm exports, and imposes / > > unfair tariffs. / > > / > > / > 300,000,000 or 30,000,000 potential customers for trade. / > / > Who's more important? / Excuse my earlier answer. I forgot that you were a fan of Fordonomics.