THE ECONOMY: Between the Graphs

The real news of the President's Eco nomic Report to Congress last week is not prosperity-for, by now, the whole world knows that the U.S. is fabulously prosperous, and expecting to be more so. The real news is that after three years in office the Eisenhower Administration has discovered for Government a new economic role that is as fundamentally different from the New Deal as Franklin Roosevelt was from Herbert Hoover.

Depression-born, the New Deal, haunted by overproduction and "reckless" past expansion, could hardly be expected to put much stress on speeding...

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