USA HISTORY

Detailed explanation-1: -President Ford’s economic policies, outlined in his State of the Union Message, are designed to keep the economy on an upward path toward two central long-term objectives: Sustained economic growth without inflation. Productive jobs for all who seek work.

Detailed explanation-2: -Ford’s economic policy failed to solve many of the main problems with the American economy, primarily inflation. During Ford’s time, inflation was as high as 12%, far higher than a healthy economy should be.

Detailed explanation-3: -His first and most public move was to combat inflation. He declared inflation “public enemy number one.” Ford’s economic advisors devised a Whip Inflation Now or WIN program in the fall of 1974. It focused on a variety of voluntary anti-inflationary initiatives that individual citizens and businesses could embrace.

Detailed explanation-4: -Whip Inflation Now (WIN) was a 1974 attempt to spur a grassroots movement to combat inflation in the US, by encouraging personal savings and disciplined spending habits in combination with public measures, urged by U.S. President Gerald Ford.