Show economic highlights at best albest the presidency of the united altea states flutes la is one of the worlds toughest jobs when a mau luau takes the oath of at office form the chief jubilee lind goes tui to 11 live lu in the house ILL accepts dutil duties mil bild which will be him blin acry huking nuking at minute ul OL I 1 I 1 11 iaia ll little limy tile the next prisident will twill take lake on oil nu all even tougher jub job than the great majority of his have faced il ile will take lake office iu in ti lillie of world cribs and national aud and as ajun us as he slits sits down at ills his deak he bv will have to grapple with problems whose solution is known to no one ue ile will have to lo be 10 prepared to deal with callages cu ami arnd viti cli menace all that the united states has cre cluce the he ILL lind which threaten the v very ery f foundation oil li dation ut of our system of government the next s most alm ilm m mediate problem will ti be that of national liati oual defense it Is apparent that we will ibe be able to produce little that Is id tangible so tar as defense Is concerned this year it takes tune time for a te great nation to switch from peace economy to a war economy the ilio groundwork for workable program Is being laid now tout but difficult bottlenecks bottle necks exist and we start tile the defense pro pram under the definite handicap I 1 of a national debt largely built up during the last eight years there Is a possibility that the debt will reach and per baas pass the TO mark before we are done even brea so the defense problem vital as it is is perhaps the simplest of the next presidents jobs few question that we will find filia sonie some way to produce and ana pay for tile guns and abia battle we must illusto have before him will be other problems far reach ing and immensely immon immen cely difficult which must eventually be solved and here are a few of them there li N the problem of trad today gillitler dominates the continent tomorrow lie he inny dominate nil all europe and hitler does not deal in money which means dealing in gold lie ile deals deal instead in barter ills economy goes back to the most primitive of systems ile he says say 4 in fit effect 1 I have coal that you need you have machines that I 1 need so we will trade ahm the task of the united states will the ibe to either cither meet ter terms nis which would involve v a veritable economic revolution here or to force him blin to meet our traditional trade policy which fow few economists believe he will be willing or able to do 1 there Is the problem of agrical ture i which Is related to tile the vr aro 0 ut of JI ade have hae immense e ullis sums in ill the name of farm faim relief mid and it 11 Is apparent that we L have ullus little of dill worth lu in letilia n leti libin lra today lodai the problem gios gr aws biam its tt butir markets d alti I 1 s tip kippear iipp pear eai there isi Is lt a u certainty ital nty that eliut europe will want and heed wore of the produce of our oui farms and ra lam liches hea but there their lb Is alu albo tile dainty talut that europe will lie be unable to pay for it 11 tile tho next dento bitting lu in his ornate office will lime to wok beck a way ay out and ever ei way ay he turu tuini there will be gigantic barriers between him and und lind sukeas su ceas m thero there Is tile the problem of ploy coupled with the lum imn of relief arhe ie de fouse pro gram giam will NYM make many jobs but it does not took look as it if it will take care of the millions of unskilled and kittle sniffled men and women who today are aie supported la in one way or another by government in s some ora e important lines there is a ser dous shortage of wor workmen kinen many willing hands reach out toi for jobs but they are aie not adequate to perform the tasks training people for highly skilled work takes a long time and it also takes facilities which do not nob now exist in ill sufficient quantity there Is the problem of oe the Une rican standard of living what im we tte spend for national defense fifteen billion twenty billion thirty billion in must u t eventually conic come out of tile peoples pockets fifteen per cent of the na income will now be d e voted to in fil addition t to 0 pos ible dok increase that I 1 meantie ans ileen that we will have hae fifteen pei pe r cent t leis to spend for housing holls ilig food clothing entertainment all the and biece necessities itice the next nest adent will ill undoubtedly attempt to ill out oui national int lonal income sufficiently to make up ill for foi th s bait so far its iv fl ca sev sec now non lie is fore foie loomed to at least partial failure it ii 1 elmol universally agreed that tile the satu atu daul dard of 0 living must st affer that americans will eat licater clion pei too food lle live in III cheaper homes ionic spend less for foi subsistence lt and 11 a for foi pI cabure ahtie Is the long longin range problem of f the effects of war ar and war pre pie pir edues i on oil the entire economic eruct 11 re tile the factory that Is built to miika shells Is either worthless nort liless enier geney Is over ner or 01 vast bergo it i cu coolly ally pro pio carss wartime booms in other w r produce peacetime depressions aud and the lite bigger the boom the longer and deeper the depression these thee a are ip but a few of the problems tile next at president mut murt face it till an enviable job |