The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1933-11-24

welt subsidies to Wall Street capital? How continue
10 protect profits? These the questions that Roose
welt and the capitalist class are discussing in their
present dispute imitation.
Initiation will appropriate the workers through
a masked WAGE CUT. 1t will give the government
taxes 1t will rob the workers of their savings
1t will drive the small farmers and petty bourgeoisie
into the ranks of the proletariat. 1t WILL in other
words continue the present Roosevelt assistance and
substituting Of Wall Street monopoly capital
THE sound money" sections of monopoly capital
4 are thus in no sense averse to the Roosevelt in
fationary policy of granting huge subsidies to
poly capital For 1t is precisely they who have been
getting the fat fruits of this policy. 1t is they who
been protected against the ravages of the crisis
by this Roosevelt policy Of huge government expen-
ditures.
It is certainly not that Roosevelt and monopoly
capital at odds. He is their tool and agent. 1t
is that, for the moment, certain differences have
arisen the best method of making the workers pay
for these huge subsidies to Wall Street capital
Roosevelt, crafty, hypocrtcal demagogic is eager
to confuse and dsorganize the workers. through vary
ing the capitalist attack the workers. through
adding to the direct naked wage cut, the masked In
direct wage cut of initiation.
1t Is because the Roosevelt NR.A has failed TO
stop the growing rehabilitation of the Masses their
eagerness to struggle it is because the NR.A. has
failed to stop the growing strike wave, wave which
will inevitably break out with renewed in
tensy that Roosevelt tries to resort to subtle
methods of capitalist infiationary attack in addi
ton to the old direct attacks
But it will also aggravate the crisis, it will In
troduce even uncertainty more chaos into the
disequibrum and unbaance of present capitalist rela
tons And that is what the sound money" group is
afraid Of
And Roosevelt takes advantage Of this dispute to
pose before the masses fighter against Tories "
against powerful, intolerant interests" etc.
Put all time his policy is the policy OF con-
nuing his subsidies to Wall Street monopoly capital,
the policy of shifting the burdens of the crisis the
backs of the workers.
At present Roosevelt is openly trying to support
the value of the Government bonds he is openly try
ing to maintain the credit Of the Government through
Federal Reserve purchases of these bonds the
market. Even more than that, Roosevelt today an
nounced that he will the funds Of the Postal
Savings banks etc. to support the prices Of the Gov
eminent bonds.
But it is Wall Street which these billions
of dollars of Government bOnds The Roosevelt
measures to protect the Government credit,
nothing but disguised to protect Wall Street
monopoly investment!
But just as the Roosevelt imitation is a masked
wage for the entire working Glass; it is an attempt
to assist American imperialism in its struggle for for
egn markets.
in order better attack mperalist rivals abroad!
And this means that the Roosevelt imitation in
tensifes the danger of war.
This means that the Roosevelt slashing OF the
workers is part of the larger preparation
imperiaist war
THE working class of America meet the Roose-
welt initiation attack If Roosevelt tries to slice thel
dollars into pennies, they organize to light for
higher wages. The Roosevelt tries to cheaper
their dollars the more must the toilng masses OF
America fight for more higher wages.
The Roosevelt initiation, the Wall Street monopoly
program of wage cuts, rising prices have for theil
purpose the driving down of the daily living standards
Of the masses to degradation, new, gaunt misery
The fight for the most necessities will become
more bitter and desperate. Wages will melt, even
more; the cost of living will even higher The
present rise of 20 per cent in food six months
Of the Roosevelt Government is only the beginning
The fight against the whole Roosevelt program
against the N.R-A. and the Roosevelt imitation mus
rise to greater heights. Powerful revolutionary unions
powerful revolutionary oppostons within the A. F. OF
L., must be established to organize the radcalized
masses into new strike struggles against the
whole Roosevelt attempt to make the toing masses Of
America shoulder the burden of protecting and main
tanning the profits of Wall Street monopoly capital