The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1938-04-28
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this time. But I am impatient.
am rather cynical, too. Whenever
these things have failed to worl
once, I naturally have to be shown
why they failed once and will worl
the second or third or the fourth
time they are tried. Around many
of the New Deal propaganda bur.
eaus, however, have been assured
that the vast spending plan viii
- work this time. Indeed, it was in.
timated to me that was rather
stupid, just plain dumb, because ]
failed to understand. Really, the
assurances given me by the press
agents has had much more con-
viction that MIR. Roosevelt's speech
One reader of my column wrote in
the other day to inquire whether
I believed all of this spending meant
we are heading into initiation. At the
moment. I am not much alarmed
about that All of the makings for
a fine inflationary period are avail
able. I mean that if congress were
to be stampeded by the confusion
that I have mentioned, there could
be regular flood Of printing press
money. Congress, however, is not
going to be stampeded. The senti-
ment is too evenly divided for and
against the idea of spending our
way back to prosperity. There are
individuals in congress who actu-
ally think that the public debt of
the nation is already too large.
They think really that the new
spending ought to be limited just
to caring for the distressed unem-
ployed. OF all things, they would
refuse to vote out more money un-
less that money were to be used
for feeding and clothing people.
think should mention also that
there are a goodly number of per-
sons at the capitol who have low
cred themselves to the level of play
ing politics. They are even ridicul-
ing our President. They are saying
that most businesses, little as well
as big, have lost confidence in Mr..
Roosevelt and that 1t does not mat
ter whether the New Deal spends
one billion or ten, it will fail to re-
store that confidence. Being sim
ple-minded soul. I just stand by
and listen to that. On the other
hand, the heads of three important
magazine publishing houses have
told me lately that their adver-
Using contracts are being cancelled
right and left. The national adver-
Users have told the publishers they
have to conserve what money they
have because they don't know what |
S going to happen.
I do not understand why they are
20 frightened. You will remember |
Mr.. Roosevelt said he had urged
congress to enact only four laws
hat would affect business. That is
our this. session. One of these Is
he bill, as described by the Presi-
lent, ito put floor under wages
and a ceiling over the hours of Ia
,or." All that legislation would do,
If course, is bankrupt businesses
here and there. But those can't be
anyway. They haven't
made any money in several years
Ind why worry about them.
A Slip in Plans
The message of the President did
lot make any mention of the laws
hat hold the country back. It is to
,e assumed he did not want to dis
urb business by calling attention to
hem. Matters of taxation, for in
tance. I am told in this connection
hat the tax rates must go higher
lext year. There is going to be a
much larger deficit in the Treasury
han was anticipated in January
when wrote in these columns how
he budget was going to be bal
lnced next year under plans out
ined by the President. Something
slipped in those plans. Now, they
lon't know at the Treasury when
he budget can be balanced. Sure
y. not next year. because here is
more than three billions
o be spent out of next years money
supplies that had not been counted
IN. This hateful depression is caus-
ng so much trouble!