National Affairs: Deep-Breathing Exercise

Last winter, as the U.S. was slipping into recession, President Eisenhower described the whole thing as "a breather.'! Writing out a speech for delivery this week to the American Management Association in Manhattan, Ike noted that the rate of decline was slowing down, reported his verdict on the economy: "We have about caught our breath."

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!