The Waterbury Democrat., 1937-12-31
Capital Muses On FDR Message, But Cynics Say
 That Ut Doesn't
 Really Matter"

Wanhlngkon, Dec. Si--itS any. hedy,n guess As Co what Roosevelt's Hlaiuaae Co the regular session of Dongreas will be like. According to hanle aeandards oe values this ques- Alon is nupremely important
 mut these who adhere Co ether ana mere cynical evnluatlens be. l'eva that Che presidents message,
 whether hot or eold, will sIet Do
 eapeolnliy meaAlngful beceuse Osngress Co in Fevslt, end wlll pay V. D. R but little heed.
 There ls Q fairly good chance Of --and at least it can Do said that tho president is considering = an attack on private capitalism and It's unwilllngness to support the New 0eaI program. Such on attack would ba coupled with some heavy infer. 1noss as to the inability of Congress f0 laglslate when not directed by che guiding hand Of the White House.
 Me May "Just Coast"
 Ordinarily it would be safe to pre-. dict that Roosevelt, who consistently hos thrown his weight toward the iegt when nearly everyone artieulate WAe saying he had turned right" would adopt that course of address mut theFO as Q slight holiday upturn Al the business curve and the presi- denkh conservative advisers arc glyhilAnkly assuring him that this Will continue, and that there will Do no need for government to step Into tho situation with c new spending program.
 Consequently, Roosevelt may Aeolde e "just coasts and send up . message which will create 10 ekeltement, even though it may piease those conservative advisers.
 He may even decide to throw all the emphasis Of his message on Q dlsoursion into the international 0ltuatlon, without any firm speeifl. eatiens @ Co his idea of domestic needs.
 Fighting President?
 on the other hand Roosevelt may decide during the holidays @ aBs aiIme again tho role of lighting rFesldent," and seek to rally his euppoFteFs for Q New Deal attack on the domestic frent, perhaps AdFoltiy tying up foreign nlenaeoB with economic and political fflenAees Mk home, Some Of these men who hAve been closest to him in the past aFe betting on this.
 Tn case they're right it ig not diGsi: cult to forecast ths general tenor Jf ", D. R,'B remarks, No Will say that untll private capital demenBtFates ita capacity te take the initiative in bringing about recovery and keeps ang 2he economic ship on an even keel it will be Up to the government te do that.
 He will argue that business by and large is willing and eager Co march on, but that 6 few key men in DO: eitieng Of economic and financial control are impeding the recovery parade because they don't want Co play bell unless they can rule the fooet. 4 the president dees follow this line of attack, the effect if not the word will be . threat or prom. ise to expand government spending Ready to Step In
 one tFain of Roosevelt thought which you may or may not feeog' niEe in the message to Congress vas expressed in c recent speech to the C6nsumers' National FedeFs AtIon at New York by Assistant Attorney General Robert H Jaeks E0F, Roosevelt's close adviser, eons hdante and aide. The speech was approved at the White House. jaeks Boh saidi
 (. The attempt last spring to taper of government expenditures was spelled by the failure of private enterprise to realize that the cons BuEaeF could not Dc gouged without serious effect upon the survival Of private enterprise itself The RoVeFnFnent not only knows it must Step iF, if necessary, fl private efs toFpFiso cannot adjust to conditions, bu6 the government is organised Co do % in time, as it was not orga. . niEed in the emergency days Of aose.
 aThe biggest task facing American business 6 how to restore the uf1. employed te our exchange system by accepting tileir seryiees-the only thing they can use for money .--ln exchange iop the product Of n. austFy If big business holds bseE from production and unem. pioyment grows, an irresistible de' inaiid will arise which no FeBp0n- Bibie government ean ignore, foi more rather than less government expendItures. Increased govern' In6nt expenditures VII mean lh' oFeassd laxation :"