THE ECONOMY: Behind the Fog

The United Steelworkers' President David J. McDonald strode into the elevator of Washington's Sheraton-Carlton Hotel one day last week and growled: "I can tell you one man who isn't going to be President."

"Who's that?" asked a reporter who was in the elevator.

"Adlai Stevenson," replied McDonald.

What had Democrat Stevenson done to offend? He had aggrieved Democrat McDonald by speaking out forthrightly on the steel strike that had dragged on for 116 days until interrupted by a Taft-Hartley injunction, and that threatens to erupt again when the So-day injunction runs out in...

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