| Show National economy Dear Mr Wallis If history is going to teach us anything anything- the the J people of the i States tate better betler wake ake up to the fact that the economy is not good it reminds me of the which was quite similar to what is going on right now The stock market is as jittery asa as asa asa a strip-dancer strip in church for some time lime now Of course the Crash of 29 was a year earlier But with the layoffs in our large industries is about the same which was a chain chain- reaction which kept growing The labor in foreign countries is shooting the American labor out of the saddle because they have learned that industry and labor working in cooperation and harmony they can both prosper and sell cheaper Excessive strikes and destruction of private property during strikes placed Great Britain in the financial straits she now is in Is the United States going to follow in the 0 same way Strikes have already hurt our economy to a degree that is now showing up Congress and sometimes the President is not helping to any great degree They must get off the backs of our private in in- Our country was made great and rich by our Free Enterprise and industrial growth now it is stalemated by bureaucracies es and nd political interference Senators Kennedy and Bayh want to decimate the oil industry industry industry in in- which would put t uS us s eventually on a percent basis of imported oil This would further our deficit spending and loss of money to foreign countries which with the difference in imports and exports is funneling money out of our country to a disastrous degree I think thank lI the American people should put Congress on a top priority basis where they would have to get the government operated business out of the RED before they could start telling private business how to torun torun torun run theirs Cordially yours JA McKnight |
