ISSUES: McGovernomics: A More Modest Proposal

GEORGE MCGOVERN'S primary campaign won him the Democratic nomination but left him with an intractable problem: an economic program that stamped him in the public mind both as a radical and a man who could not make his figures add up properly. Even before the convention, McGovern withdrew the program and promised to have a new one ready by Labor Day. Last week he kept his pledge. Venturing into Wall Street, where he had frightened more people more thoroughly than any Democrat since Franklin Roosevelt, he unveiled the new McGovernomics—a program much more modest and consistent than the old one,...