President Truman, who thinks the U.S. steel industry has not expanded fast enough to meet the nation's needs, last week gave it a sharp prod. In his "State of the Union" message (see NATIONAL AFFAIRS), he asked Congress for an "immediate study" to find out if existing steel capacity is adequate. If it is not, said the President, then the Government should lend industry the money to expand or, if steelmen balk at that, put up the plants itself.
Many an observer, like Michigan's Republican Senator Homer Ferguson, cried that this was another "step toward socialism." It was hardly that—yet. But...
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