The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-05-19
/. PRUNING THE OLD, BUSTED"
, PUMP AGAIN

PUMP AGAIN
Frank Kent comments that in the years
to come when "the present painful period
is considered in the calm light OF historical
record s'the thing that will amaze students
of history even more than the extraordl-
nary economic Stiffness of the new deal
policies will be the unprecedented credui-
ity of the people who permitted a super
fetal leader to take them in direction
which their common sense indicated was
dangerous, and of which he, himself, had
solsmnly warned-to take them in that
direction not once but twice"
Here is a fine text for study by Ameri-
can citizens who have common sense,
courage and patriotism. Economic sill
ness is very mild criticism of new deal
policies. A number of much stronger and
not so courteous words could fairly be ap-
piled in this connection. The same may be
said of the unprecedented credulity" of
the people who are worshipping the new
deal and accepting the dictates of it's lead
ers-particularly the oraeular pfoclanla-
tioAs of the chief new dealer-as the in
spired words of a super-man, or men.
In plain American words, in the years
to. come the people of this country will
wonder in amazement about what hap
pened to their forefathers who so easily
and readily became the dupes and victims
of this movement
Continuing the discussion of the subject
we, quote from Frank Kent who presents
this unanswerable statement of the case:
it is, when the facts are considered, little short
of incredible. Five years ago Mr.. Roosevelt be-
came President, after campaign IN which ne
bitterly denounced extravaganza, eloquently
.tressed the vital necessity of balancing outgo
with income, promised 9. % per cent retreneh-
ment in governmental expenses and indicted the
growth of federal bureaucracy. Within six
months persuaded by a British economist whose
own country had rejected his advice, he became
convert to the theory that we could spend our
way back to prosperity. Without bothering to
explain his change Of view, he inaugurated the
greatest peaeetime expenditure of public funds
the world has ever seen.
Seventeen billion dollars have been borrowed
and spent, with the net result that business is
sieker than before he started and the people as
a whole less we'll off. His chief aide, Mr.. Harry
Hopkins, flambeyantly defended his own work
on, Sunday, but the fact remains that there are
nov six million families, or twenty million per-
sons, or one-sixth of the whole population on
relief of one sort or another. His budget diree-
ton Mr.. Bell though rather cloudy in his esti-
mates, tells congress that in 1889 the deficit win
be approximately SO, 700,8800oO. Less than two
years ago We were told by the President the
budget would be brought into real balance by
that date
instead, governmental expenses are now-be-
fore the new spending starts-at the highest
level in the whole peacetime history of the
country and federal finances are virtually out
of control. All thought of retrenchment has
vanished. Except from futile minority even
the suggestion is no longer heard in congress,
and that body this week is taking up the new
pupp+primng program, an exact counterpart of
the one which has so tragieally failed Though
1T gan De justified by neither reason nor logic
and wheRy aisresards the lessons of experience,
forf various political and personal reasons, it
probably will be approved by congress- The
proposed expenditures in an election year pre-
sent an irresistible temptation to members of
congress who must fight for denomination and
reelection, =.