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American analysis argued basic Bedford-Stuyvesant billion budget business cycle Business Week capital capitalist Carter chapter cities coalition Committee conservative corporate ideology cost Council of Economic deal decisions decline democratic Left Drucker Economic Advisers Economist effect expenditures fact families federal force full employment growth Henry Aaron impact important income and wealth increase industry inequality inflation investment joblessness Kennedy Keynesian labor market Lester Thurow liberal Lyndon Johnson major maldistribution ment middle class Moynihan nation nomic noted percent period political poor possible poverty poverty line private sector problem productivity profits programs proposed radical result Richard Nixon seventies simply sixties Social Security society South Bronx spending stagflation statistics steel subsidies theme theory Thurow tion tional trends U.S. Steel United urban wages Wall Street Journal Washington welfare workers York