On the recordFebruary 22, 1971
The action I have taken today is based on the principle that Government programs which contribute to excessive wage and price increases must be modified or rescinded in periods of inflation.
Source
presidency.ucsb.eduThe action I have taken today is based on the principle that Government programs which contribute to excessive wage and price increases must be modified or rescinded in periods of inflation.
Statement on Suspending Davis-Bacon Act Provisions for Federal Construction Projects
Share
More from Richard Nixon
And as I leave, let me say, that is an example I think all of us should remember.
This was a serious act of omission for which I take full responsibility and which I deeply regret.