GOVERNMENT: Free Enterprise

U.S. businessmen, tuning in on the first Presidential address since Casablanca (see p. 75), had good reason to prick up their ears. In a speech in which he mildly chided Labor and Farm leaders for obstructionist tactics, the President failed also to chide Business.

More important still: in discussing the postwar world, the President, while conceding that some governmental spending may be necessary to pick up employment slack, said flatly: "I am certain that private enterprise will provide the vast majority of the jobs.

This open espousal of free enterprise by the President might have sounded still better had not his...

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