The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-03-11
Professional Capitalist Liars

the great mass of workers in all industries,
is worse than ever before
No one now denies that the agrarian crisis
IN the United States (part of the world agrar-
ian crisis) is rapidly developing to the worst
ever experienced. What were the views of the
so-called capitalist authorities early in the
year? Said Samuel P Arnot president of the
Chicago Board of Trade journal of Commerce,
Jan. 3, 1990): american finance and industry
are more strongly entrenched than ever be-
fore. ). Large programs of construction and
development are in the offing. Farm condi-
tions continue to Improve. i. In summary of
world conditions November IT, the Depart
ment of Agriculture expressed belief that
on the basis of supply and demand, wheat would
sell rs cents higher within the following two
months"
The following two months are now history
and wheat is selling from 40 to so cents lower
than the price of November Is. The continu-
Gus drop in agricultural prices is world phen-
omenon which is one of the factors worsening
the crisis in the U. S. and elsewhere.
Arthur NJ. Hyde, secretary of agriculture,
chimed in with his particular set of. lies say
ing: -"It is possible, however, from a study
of supply and demand, relationships and pros
poets, to estimate the outlook with reasonable
confidence" Mr.. Hyde's confidence became
little shaken recently when he Historically
begged the farmers to reduce output by at
least 20 per cent in order to avert catas-
trophe.
The automobile industry is one of the most
important buwarks of American capitalist
economy. At least 40 per cent of the auto work.
ers are jobless and will remain so for a long
time. In its last issue the Annalist stated that
the best that could be hoped for during 1880
is so per cent of the 1929 production in this
line. Iron Age, organ of the steel bosses, frank
ly admitted that auto production this year
would be at least 40 per cent below last year
if not more.
Here is what Walter P Chrysler, president
of the Chrysler corporation said early in the
year, and wanted the workers to believe it;
Nothing appears on the business horizon to
change the forward-looking course of the motor
car industry, or to lessen confidence in it's
future prosperity"
Albert Russell Erskine, president of the
Studebaker Corporation, and chairman of the
Pierce-Arrow Motor Car Co., said "The in
dustry has it's problems fully in hand and has
made preparations for a large volume of bust
ness in $780, Good business is certain"
Another capitalist liar, A. j. Brosseau, pres
ident of Mack Trucks, Inc. said: at is the be-
lief of those best informed in the industry that
the volume OF production OF commercial Vehl-
cles, trucks and buses will be at greater
rate in 1880 than during 1929" The output of
Mack trucks this year dropped between 80 and
40 per cent below 1929
Now Hoover, Lamont, and Davis want the
workers to believe new fairy tales about unem-
ployment disappearing within 60 to 80 days.
The whole mass of capitalist lies have been
smashed by the ever-deepening crisis. First
Vonrr-v 81 ro~;s ed t''ere was no unempoy-
ment. Then they said it was declining. But
,ne.r o. tIgutes exposed their deliberate un-
truths. Later they admitted 100000 unem-
ployed. And now they say this is disappearing
Davis admitted that since October IL per
cent of the American workers lost their jobs
Out of 35,000,000 workers this would mean, on
Davis's own figures, 100000 jobless. But
Davis is plain liar. There are over % pei
cent of the American workers starving
(. The repetition of phrases about improve
ments," and the "end of the depression in 90
days" by the professional liars of the capitalist
class will not solve unemployment or feed the
starving masses Of jobless. Only the organza-
ton of the jobless and employed workers for
determined fight, under the leadership of the
Communist Party and the Trade Union Unity
League, will force the bosses to give the I'M
employed Work or Wages and prevent them
from shifting the burden of the crisis onto the
backs of the working class.