National Affairs: Shortcomings & Solutions

Harry Truman reported last week on the State of the Union and found it "good." In two messages to Congress he was able to report that the country, at peace, was bigger, busier, and richer than it had ever been in its history.

Throughout 1948, a record number of workers (an average of over 59 million) were employed. Wages in general had kept pace with higher prices. Said the President's Economic Report: "Percentagewise, lower-income groups have enjoyed the larger gains." There had not been enough strikes to cause very much worry. Corporation profits were...

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