The daily worker. [volume] (Chicago, Ill.) 1924-1958, 1934-01-27
Roosevelt Stops CWA
Funds, jobs; Billions
90 for War Purposes

responsibility of giving real relief and
unemployment insurance to the IN
employed workers.
Then Congress met, and Roosevelt
proposed his bankers budget - The
Reconstruction Finance Corporation
is to get four billion dollars for
business and banking" in the COM
ing year-600 million dollars goes for
the war and. navy departments,
which is added on to the one billion
dollars recently given for the army
and navy under the P. w. A.
And only $3.50 million TO taper
off" and close up the G. w. A. and
enough additional to give one mil
lion youths military training in
forced labor C. c. G. camps at ST.
day wages A few days later Con-
gresham Britten proposed with
RooSevelt's approval another half bill
lion dollars for naval destroyers, and
$50 million dollars for the r. F. c..
investments in the preferred stocks
Of banks. Billions were proposed for
the bankers and for war at the same
time that the G. w. A. funds for
jobs were cut off.
The war budget of Roosevelt pro-
poses to spend one billion dollars q
month. The colossal amount given
the bankers and for war in relation
to the measly sum given for relief
can be seen when it is recorded that
the @. w. A. has to date actually
spent only 261 million dollars total,
even less than the 400 million ap-
propriated by the federal govern
ment.
The figures of the boss bankers
themselves show that unemployment
has not decreased. In July when
the P. W. A. was inaugurated to give
six million jobs, employment stood
at 70.1 per cent of what it had been
in 1926 In December, after the c.
w. A. was supposed to have given an
other four million jobs (making a
total of ten million jobs promised by
Roosevelt since july employment
still stood at 70.1 per cent Of what
it had been in 1926. These are Wall
Streets figures.
In July, the month when RooSe-
welt launched his recovery" and ere
employment" program of N. r. A.,
the amount Of payrolls stood at 400
per cent of what they had been in
1926. In December, six months later,
the amount Of payrolls had gone down
to 49.S Of what they had been In
1926. Roosevelt's recovery" meant
after six months, wage cuts and
further unemployment.
The Labor Research Association
has just completed It's yearly study
Of unemployment figures. The esti-
mate Of unemployment made by this
yearly study shows that in November
1888, sixteen million workers were
totally unemployed in addition to
those on temporary relief employment
under the G. w. A. (now to be cut
Off who are not included in the fig
ure of 16 million. Roosevelts prom
misses to the unemployed have ma
terialized into billions of dollars ap-
preparation for the bankers, and re-
lief cuts, increased unemployments
and wage cuts for the workers.
Now, in order to sidetrack the in
tense mass anger Of the workers at
this refusal to give jobs or relief,
Roosevelt and all Of the employers
politicians are loosening a food Of
talk regarding unemployment in
suranee." There is the Wagner Bill,
the Cannon Bill, Lehrnan's vague
speeches, Frances Perkins proposals,
the New York State A. F. Of L. Bill,
the Social Security Bill, and many
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