What does nixonomics mean?
Definitions for nixonomics
nixo·nomics
This dictionary definitions page includes all the possible meanings, example usage and translations of the word nixonomics.
Did you actually mean noxiousness or nicknack?
Wiktionary
Nixonomicsnoun
The economic policies of the Richard Nixon administration, 1969-1974.
Wikidata
Nixonomics
Nixonomics, a portmanteau of the words “Nixon” and “economics”, refers to U.S. President Richard Nixon's economic performance. Also Nixon is first president to have his surname combined with the word "Economics". Nixon inherited a weak economy from President Lyndon B. Johnson, who didn’t follow the advice of his economists. In 1969, a tax bill passed that held several Nixon ideas, including a repeal of the investment tax credit and removal of two million of the nation's poor from the tax rolls. After a year it was becoming obvious that the plan wasn’t working. Nixon gave his budget plan to congress in 1971 in which he was to use a $11.6 billion deficit. Nixon then publicly agreed with Keynesian economic principles which stated that government expenditure could take the nation out of their recession, which was a considerably unusual view for a Republican president. Arthur Burns, Nixon's appointee to chair the Federal Reserve, shifted away from a tight-money policy because the nation’s unemployment was sharply rising as was inflation. In the early months of 1971, Nixon started criticizing the growing wages in the steel industry, so he created the Tripartite Committee to keep a closer watch on the construction industry. Treasury Secretary John Connally announced that the government would need to start taking new measures. Despite this, unemployment had reached 6 percent.
Numerology
Chaldean Numerology
The numerical value of nixonomics in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of nixonomics in Pythagorean Numerology is: 9
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"nixonomics." Definitions.net. STANDS4 LLC, 2024. Web. 19 Apr. 2024. <https://www.definitions.net/definition/nixonomics>.
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