Due to a scandal unrelated to Watergate, Vice President Agnew resigned on October 10, 1973. Under the terms of the Twenty-fifth Amendment, Nixon nominated Ford as Agnew's replacement. It could go on and on and on, or someone must write the end to it. I have concluded that only I can do that, and if I can, I must.' Traditional economic remedies for a dismal economic growth rate, such as tax cuts and increased spending, risked exacerbating inflation. The conventional response to inflation, tax increases and a cut in government spending, risked damaging the economy.
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