Show ike optimistic on our future economy president eisenhower Elsen hower s economic message to congress was an en cou raging report on the prosperous times he sees ahead for american businessmen consumers workers farmers and inventors however the president did not hesitate to raise a warning flag here and there and to make recommend rec ommen lations he thinks will bring lasting prosperity surprising to many was his sug gest ions that serious thought be given to tightening controls over colsum er credit he phrased his recommendation so that it would seem out of tune the optimistic tone of his mes sage or disturbing to the people this was the way he said it the development of consumer installment credit has been h highly i ahl y beneficial to our economy however it sometimes accentuates movements the buying of consumer durable goods although present conditions do rot call for the use of any auth to regulate the terms of install m i 11 t credit this is a good time for congress and the executive branch 0 study the problem the president is wise to point out the need for proceeding with caution on extension of credit for some time tune economists have expressed fear that too much was being bought on credit and that unbridled install ment buying might have serious con sequences the chief executive of course could not overlook the seriousness of the farmers economic plight he insisted that the programs now rec om orn mended if framed wisely and adopted promptly will promote the welfare of farmers and the nation the recommendations of the pres adert for far maintaining and bolster ing mg the economy will be labeled new cealish by many in some respects the message does have new deal overtones mr eisenhowe Eisen how er favored greater aid from the gov eminent in many respects of national life such as housing old age and survivor s insurance vocational re habilitation habih tation and flood insurance one gets the impression from ana lazing the message that the dent while striving to be true to republican doctrines frequently was traveling in old democratic tern terri tory mindful of the effects that could be produced in a political year |