CSPAN3 May 6, 2012
davis/bacon, but also concern about construction industry wage rates which were so high led to the white house conclusion that wage and price controls might work nationally. of course, they didn't. and shortly after wage and price controls were invoked, i was put on a committee with herb stein and jim lin to plan our exit of wage and price control. in the meantime, jim hodgson and other cabinet members seemed to spend -- and i occasionally replacing jim spent almost every day at the white house in cabinet-level meetings trying to ameliorate wage and price increases or come up with de...