President Gerald Ford And Domestic Policies
Gerald Rudolph Ford was the 38th President of the United States, serving from 1974 to 1977, and the 40th Vice President of the United States serving from 1973 to 1974. As the first person appointed to the vice presidency under the terms of the 25th Amendment, when he became President upon Richard Nixon's resignation on August 9, 1974, he also became the only President of the United States who was elected neither President nor Vice President. |
The economy was a much important concern during the Ford administration. In reaction to rising inflation, Ford went before the American public in October 1974 and asked them to "Whip Inflation Now. At the time, inflation was nearly 7 percent.
Ford ran a budget shortage (which he had inherited from his predecessors) every year he was President. Despite his reservations about how this program eventually would be funded in an era of tight public budgeting, Ford still signed the Education for All Handicapped Children Act of 1975, which established special education throughout the United States.
The economic focus began to change as the country sank into a mild moderation and in March 1975, Congress passed and Ford signed into law income tax rebates as part of the Tax Reduction Act of 1975 to boost the economy. When New York City faced bankruptcy in 1975, Mayor Abraham Beame was unsuccessful in obtaining Ford's support for a federal bailout. The occurrence prompted the New York Daily News' notorious headline: "Ford to City: Drop Dead.
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