Of the vast and variegated job of rearming the U. S. the part that U. S. industry must play is vast and variegated enough. It means building a strange, specialized, plane-ship-and-munitions economy inside and alongside a vast, sluggish bread-&-butter economy, and meshing them. Yet the first step needed for the industrial job was by last week clear: constructing new plant and equipment. But, after seven weeks of hard desk work and high talk in Washington, few new factories for war materials had taken shape.
Last week one big obstacle to new plant was detected and removed. The obstacle: the long memories...
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