Show a te r f c a asap r a boa Y for eppE tD p A u pox Released by Western Newspaper Union LL MANAGED PEACE l NOMY Y MUST BE PLANNED WASHINGTON D D. D c. c Some C.-Some some gross grossu u Y reading and misinterpretations ITT e developed over a series of four fourn in n reports I wrote from south tic war centers concerning the look ook and thinking of the people walks and works of life their z rs s and discouragements heir attitude cannot possibly be understood It is reasonable nonA non non- A isan not a viewpoint but a aera era condition simply condition simply this OI ta A There A-There There is more cash in 11 JIsI ate te hands bands than ever before in ine into toCh to e a history of a any y nation more morein moret Ch e t oney in savings accounts t or ortS ore e cashable bonds At the tS rs a ame time there is a greater de- de and for goods needed in every phase base hase of living If this up piled-up eash ish could be used for the order- order Pt p lp r. r purchase of needed goods et A ere should be no chance of 1 tt depression or bad times for three r to five years ahead Yet a-Yet S 13 Yet the people generally do not ink about such things Naturally ey y are inclined to look only at TB an ir own individual future problem r 11 e ie a soldier to his returning job the theu u Jr r worker to a new job lob somewhere much money the war com- com unity to how it will fare in re- re also the business man i i ie a poor about inflated postwar ices rices the rich about taxes the cher and white collar worker 1 out ut his fixed fied income in a world of FAo Hated prices etc etc JNo No class can see security ahead 1 rid d as a result there has grown up large number of people whose kinking king about their own problems as s led them to discouragement and on the threshold of tory C This C-This This discouragement should be beat af at spelled Dispelled by government action hold- hold hg g out prospects of security These bears Clears need not be realized because J le I a e have the ingredients for success t the cash and the demand for foru Pr- Pr moods u All AU we need is wise sound andling of these ingredients To ID-To To solve the problem Mr Roosevelt C could well call in the e grains rains of the country as he did fore for forue ue e war production job lob He could organize ord or or- d nize anize national for laI laor la- la I or or r business man farmer etc on a ae am e m m basis to inspire general lence nce ence He could organize w ally lly to avoid inflation in prices and andt t c Inflation in wages for stability inta in j ta th th altering his tax program r pending lending and every other policy toward the job at t hand This would restore a sense if t security all down the line line and and lo o the job i The reaction to this simple an- an ysis of observable facts and a conf coni con- con i f rather obvious remedy the confusion existing in inie ine e ie country 1 I One editor said this was a apolitical apolitical political attack upon the New I Deal trying to spread fear The truth is the New Dealers are more discouraged than any other other other oth oth- er group as witness their OVal OVal- Wallace Wallace Wal Wal- lace proposal to spend-lend spend huge government sums for 60 jobs to handle 11 meat ment Another editor considered it an attack attack at- at tack ck upon the south although the report report re re- port port said I had observed the same condition in public thought on a trip through the mid midwest west a few weeks I earlier arlier and in mail from all sections I Claims No Fear A San Francisco editor said the condition could not be true of the Pacific coast because he had interviewed interviewed inter- inter viewed most of the people on his paper paper and found not one of them r j discouraged about their future I would go further and say that the Ithe average person who does not look ahead is in that same category category cate- cate gory but that the leaders of every group group from labor to capital must look ahead and do see these things Newspaper people on fixed salaries would suffer as much as any other group from price inflation A Chicago financial editor said But look at the stock market Yes es look at it and look at what lit it was in 1929 1029 with inflated values that no one did anything about in time And while you are looking ascertain how many race track i gamblers are playing stock-horses stock now that the tracks have been closed without any thought of the future of the country I 1 do not believe in pessimism A man who allows himself to be a either an aD optimist or a pessimist in these critical times is only g fooling himself It may be true a great many war iwar workers have only an amount set aside equal to one or two months' months salary and therefore must get pt jobs within 30 to 60 GO days after losing Hosing their I war positions or go o on relief They may have been spending spending spend spend- I ing tag wildly but this phase also could be handled by an orderly program program pro- pro gram Bram pushing this type first into the fine millions of jobs now crying for a worker in civilian life stores life stores fill fill- filling ing stations restaurants etc e releases releases re- re leases from the army should be bee tied in with national economic essi ties |