Business: Reassurance

It did not crackle with the thrill of new adventure but no fireside speech save his first pursued so definite an aim as the President's microphone effort last week.

The purpose—the only purpose which his most attentive listeners would allow him to have—was, in their own words, to "reassure business." Even to recognize this purpose was, for the President, an embarrassment because the necessity for reassurance could itself be taken as confession of the failure of his own New Deal. Many of those who demanded to be reassured were saying that nothing...

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