Still confident that the U.S. economy will soon turn upward, still determined to avoid desperation moves that might bring on a red-ink torrent for years to come, President Eisenhower was nonetheless deeply concerned about the human dislocations of the recession.
"This," he told 1,200 Republican women in Washington's Statler Hotel last week, "is not an exercise in economic theory. All the economic indicators and high-sounding oratory in the world cannot fill the empty place in a pay envelope." He repeated his theme next afternoon at a White House meeting with the Executive Committee of the...
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