Show good start made in major job of and all that it engalls between now and this time next nest year presents a black picture it if one listens to the predictions of some government and labor leaders the picture from the viewpoint of business and industry Is not so darkly shaded and a spirit of optimism prevails within the ranks of industry in most localities throughout the nation insofar as government Is concerned we are almost still unprepared tor for peace although the full time employment bill was introduced last january with urgent recommendations from th the late president roosevelt Roose Nelt that it b be enacted luto into law and later urging by president truman the bill still rests in a senate pigeonhole and although there are many ramifications to the question of from war to a peacetime peace time economy the problem of unemployment of lower wages it if only for a short temporary period Is predicted will slash the national income from approximately ag 2 1 billions as of now to around billions annually as of january 1 1040 1946 and it 1 Is unemployment the human side of which will cause the most suffering cut but looking at the picture as mist leally as one can it is a far cry from a national income of billions to around fifty billions which was the nations income during the depression years year s in the mill mid thirties it Is a harsh paradox to witness a nation which has won the greatest military victory in history and accomplished the most prodigious ill ious production miracle in the annals of man throw up its hands and predict an army of eight million unemployed by next spring with the government doing nothing about it chairman krug of the war production board in a statement shortly after the peace emphasized that the actual job ob of will be handled by private industry with pretty much of a hands off policy by the hie government the goern governments ments part he said will be to hold down inflation well according to the best informed persons persona here in washington that is not enough for government to do and the record of private industry even in the most lush production year in the nations nation history has shown that private industry alone Is unequal to the task |