[00.26.39] [President NIXON continues his economic speech before a FRIENDLY AUDIENCE of LA businesspeople. His demeanor and delivery are just as wooden as usual, indicating no stress from the IMPEACHMENT CRISIS] Makes thinly veiled allusions to "other nations" who are in economic slump because individuals are dependent on the government. Suggests that it has been true in the United States, and calls for a more rugged individualist perspective on social welfare. [the strongest applause yet in the speech] Implies that nonspecific "special interests" are manipulating the government to ignore the interests of "the people" who "favor sound anti-inflationary policies". [00.32.13] NIXON takes the opportunity to pat himself on the back--while he doesn't claim direct responsibility, he does slyly mention that young americans are finding work instead of facing the draft, then repeats himself in slightly different words for good measure. [00.37.51] after a conclusion about "the children" and "America's future", Nixon concludes, leaves the podium to applause.