Richard Nixon: “We need to create new arrangements to control new technologies for the common good.”

This legislation exceeds my budgetary recommendations by such a large amount--some $540 million--that it presents a clear and distinct threat to our fight against inflation and cannot be accepted.

I have concluded that because of the Watergate matter, I might not have the support of the Congress that I would consider necessary to back the very difficult decisions and carry out the duties of this office in the way the interests of…

I take this occasion once again to urge prompt and final action on the Trade Reform Act.

Further study is essential if we are to avoid ineffective Federal spending for these purposes.