THE PRESIDENCY: Parables and Prospects

If a Washington reporter making $10,000 a year went to a banker and asked for a loan of $100,000, the banker might well demand assurance that the loan would be repaid. A room full of newshawks who had never seen $10,000 a year blinked appreciatively at this interesting statement. Franklin Roosevelt beamed at the response it got. He was drawing a fanciful parallel to describe his views on a practical matter: crop loans to U. S. farmers.

The parallel was obvious. The President had asked Congress for crop control legislation and had failed...

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