Show 1 l i f t 1 4 A b 01 in alionar national lional a policy conserva Cona erva tives in cong conarck Con arcs 1 sw pop applaud a d mpr president 4 aw ero bor tenton that econom economic reco recovery and growth Is not a matter recovery vIry ft I 1 wahington stopgaps stopgap stop gaps gap or pant pans peas chaa s they agree art edly with hla his conviction that national policies must be followed that will bolster confidence in the future they support hla his opinion that only if t such a confidence la Is Impaired and thereby the dally daily decisions of millions of americans adversely affected can our oui present difficulties develop into a deep and protracted decline but oa as of 0 the present time tie mr believes that the underlying growth factors factora in the economy vigorous and everk cery indication is that they will reassert themselves later in the year in this restatement of his hia views mr eisenhower Elsen hower seemed to be saying dont frockt the boat to those advocating government action to combat the present business downturn the conservatives in congress point out that big spending by big government failed to a solve olve the economic diff difficulties of q the they also recall that the economic forecasts of odthe the new fair dealers proved completely wrong after world war 11 II and during the mild rec recession emion of 1953 84 54 during those periods the new fair dealers peered intently into their crystal ball and saw economic gloom and doom ahead what actually was abeal was wa just the opposite no one claims of course that this record necessarily proves who Is right and who is wrong today but it does demonstrate that the crystal ball which the new fair dealers have been using Is badly tArnis tarnished hod and there is no basis in experience for following their recommend recommendations at s for solving the present acono economic le difficulties on the contrary the policies relied on by the eisenhower Elsen hower ad ministration in 1953 54 were iou fou lowed by a sharp business upturn therefore the conservatives feel that the only sate safe policy to ollow follow now is to stimulate confidence in the futures auturo by giving the principles of private enterprise ter prise tree free scope in our economy that is the economic tern tem it Is pointed out that has made the united states the worlds greatest nation and no greater recommendation could possibly be imagined knowland accepts challenge widespread attention was a attracted among politicians in washington by son sen Know lands 11 calif forth right reaction to the that the would oppose his candidacy for governor of california to his california constituents and to the nation sen knowland said on feb 5 at miami deach beach leaders of the CIO publicly marked me for liquidation at the polls this fall 1 11 I accept the challenge I 1 shall not evade or avoid the issue As jor me I 1 do not intend to complacently allow california to become it a satellite of 0 waltar reuthers labor cm pire ore debt ceiling raised the rea rca sons which in varying de degrees grets motivated many of the votes in congress for raising the federal debt ceiling from to billion included these I 1 the belief that a higher ceiling should be voted now to facilitate enactment of tax cutting legislation it if this should be decided upon later an A tax cut probably would reduce revenue lor for a alme but would bo be expected to act on a long run business stimulant 0 2 fear that increased defense spending in prospect wa 14 make the present ceiling unrealistic and add to the Treas difficulties in handling the public debt members of the economy group in congress advocate trimming obber less leas essential spending to provide needed defense funds |