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."
To continue reading:
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $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!