The times-news., 1938-04-16
1T is FINISHED" (Read John 10
BANKRUPT CRAFTSMANSHIP"

Bankrupt craftsmanship is what the
New York Times calls the Roosevelt policy
of government borrowing, spending, pump
prining and tinkering at an expense OF
billions to the country and the certainty
that already unbearable tax burdens will
be vastly increased if the President is al
lowed to have his way.
Quoting The Times, the Charlotte OBJ
server sums up its reaction to the Presl-
dents proposals by saying:
For the nation to re-eXperiment with a
policy that has proven itself to be futile
and foolish and ineffective is the policy of
bankrupt craftsmanship"
This press comment, which is similar to
the large majority of newspaper comments
coming under the observation Of The
Times-News, fairly expresses the reaction
of the most intelligent and thoughtful citi-
zens of this community, as this newspaper
has been able to secure view of public
opinion.
The Charlotte Observer presents figures
showing the pump printing done by the
government in each year since 1880. The
actual figures show that during the pres
ent fiscal year up to the first of this month
the spending has amounted to more than
FIVE AND ONE-HALF BILLION DOL
LARS.
This is a greater sum than was expended
to the same date last year. In fact the fig
ures are the largest for any year since
Roosevelt has been in office.
So there is absolutely no foundation for
the assertion that recession" grips the
country because the government quit
spending. The government has never quit
spending. 1t has squandered more cash in
the past nine months than in any previous
nine months since the new deal was intro
duced to the country.
That being true, how can an alleged re-
sumption of government spending knock
out the recession" restore normal condi-
tions and bring lasting recovery to the ma
ton?
The government has never stopped
spendmg-the spending spree in the pres
ent fiscal year is record breaker-what
can the country hope to accomplish by con-
tinuing it?
All of which, of course, is ample evi-
dence to all intelligent and fair minded
citizens that the Roosevelt pump printing
policy is fallacious and ineffective; that it
merely makes necessary continued borrow
ing and spending, the net result of which
is rapid piling up of public debt, and the
net result of this is a steadily mounting
burden Of taxation which defeats the very
end the new dealers claim to be striving to
accomplish; that is the restoration of nor
NAL business conditions The tax burden
and other restrictive and oppressive politi-
cal interference with business makes busi-
ness recovery impossible, makes it inpos-
sible to restore conditions under which
lasting Improvement can be made, indus
tries started running again and the unem-
ployed provided with work.
Facing FIVE years of tinkering and ex-
perimenting which has ended in failure,
and with such examples and object lessons
of the results of his policies as now con-
front the President, he has nothing to Of
fer except continuation of the same poll
cies with the certainty of additional dis
aster when seven more billions of dollars
have been scattered to the winds
II this is not bankrupt craftsmanship
what is it?
fnt haor al