National Affairs: First Veto

There were Democrats to the right of him, and Democrats to the left of him. Into the jaws of the Kerr bill rode Harry Truman.

The President's good friends and Democrats in the Southwest, including Oklahoma's oil-rich Senator Robert Kerr and Texas' Speaker Sam Rayburn, spoke up for free enterprise. The Kerr bill would specifically remove any right of the Federal Power Commission to regulate the price charged for natural gas going into interstate pipelines. And it wouldn't cost consumers "a single red penny," promised Rayburn.

Oh yes it would, replied the mayors of 18 big cities; it would cost consumers millions....

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