The President and his advisers worked on his long-awaited wage-price speech until 5 o'clock in the afternoon. At 10 o'clock that night, when he sat down to read it to the nation, it was clear that the writing took a long time not because of what went into it, but because of what was left out.
Except for one brief excursion to chastise Congress for failing to pass his $25-3-week unemployment compensation and full employment bills, the President's speech followed a straight and simple line. Said he:
ΒΆ Wherever wage rises can be granted, they are "imperative" to avoid a deep cut in...
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