The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1930-01-02
BOSSES ADMIT
SHARP CRISIS
Jobless Must Fight for
Relief
Continued from Page One)


more serious, than in any smash in
production yet experienced by
American capitalism.
The sharpening of the crisis in
other capitalist countries all over
the world intensifies the struggle
for world markets as an outlet for
the dammed-up productive machin-
err. The most important industries
are the hardest hit, with very
little possibility of revival.
The bosses in the steel industry,
in their most optimistic statements,
say that steel production in 1880
will be Is to IA per cent below 1929.
The u o m b lie manufacturers
promise a very light year. The
building industry will suffer the
severest slump in 1880 since the
close of the world war.
Automobile manufacturers say:
present indications are that the
output in 1880 will be considerably
lower than that of 1929" This
must be taken as their most opti-
mistic statement. The fact is auto
mobile production will experience
the sharpest decline in the history
of American capitalism. With it
goes a decrease in production and
employment in every allied indus
try-steel, rubber, parts.
Unemployment, which has been
steadily growing for years because
Of the intense speeding-up of the
American workers, is now becoming
one of the major problems of the
workers. This situation is aggra-
waited by the fact that the bosses
have already instituted and will in
tensify in the future, big wage-cut-
ting campaigns.
In the face of this situation of
sharp and growing crisis; severe
unemployment; wage cuts; growing
mass battles of the workers resist
ing the attacks on their standard of
living; the rapid war preparations;
the growing assassination of the
capitalist state in preparation for
the class battles; we find that the
misleadership of the American Fed
Grafton of Labor at every turn,
works hand in hand with Hoover,
Mellon and Lamont in propping up
the badly topping economy of U. S.
Imperialism.
Green again takes occasion to
pledge his faith to the scab bosses
who head the fascist council" that
Hoover organized to handle the
present crisis. Says Green:
"The presidents conferences
have given industrial leaders new
sense of their responsibilities in
great business program confronting
the nation.
"Never before have they been
called upon to act together in pre-
serving business stability. In earl
Ter recessions they have acted indi-
vidually. This Winter they have
seen their own problems as part Of
the larger problems facing the coun-
try as whole"
Instead of the bosses conducting
their wage-cutting campaigns indi-
vidually, which Green thinks a waste
of time, the bosses in this crisis have
organized under the leadership OF
the U. S. Chamber of Commerce, and
through fascist methods with the
help of the A. F. Of l.. will under
take the slashing wage-cut drives
and general attacks on the working
class, in a systematic manner.
The entire capitalist press recog-
nizes the usefulness of the services
of Mr.. Green and his A. F. Of L.
machinery. They blazon his scabby
words across the front Of their
papers in bold type, together with
the lying announcements OF his
masters, Hoover, Mellon and La
mont.
Not one fact is pointed out by
capitalist economists predicting
quick revival of industry. The most
they expect is by drastic wage cuts,
intense speeding up Of the workers,
vigorous war preparations and a
sterner fight for world markets,
to keep the crisis from becoming
even more severe than it is at
present.
In this crisis every class conscious
worker will be confronted with the
sevei,st test of his militant fighting