Evening star. [volume] (Washington, D.C.) 1854-1972, 1940-08-18

be given a few scraps Of cash or
credit with which to keep himself
and his children just this side OF
starvation and nakedness? Is
that what the forgotten man
wanted us to remember?
What that man wanted us to
remember was his chance-his
right-to take part in our great
American adventure.
But this administration never
remembered that. 1t launched a
vitriolic and well-planned attack
against those very industries in
which the forgotten man wanted
q chance.
1t carried on propaganda
campaign to convince the people
that businessmen are iniquitoIs.
1t seized upon its taxing power
for political purposes. 1t has
levied taxes to punish one man,
to force another TO do what he
did not want to do. TO take
crack at a third whom some
Government agency disliked. or
to promote the experiments of
a brain-trust. The direct effect
of the New Deal taxes has been
to inhibit opportunity. 1t has
diverted the money Of the ricn
from productive enterprises TO
Government bonds, so that the
United States Treasury-and no
one else-may have plenty to
spend. Thus. much of the money
of the rich is invested in tax
exempt securities.
G. o. P. to Levy Taxes on
Ability to Pay.
In this connection let me say
that. in its plan for tax revision.
the Republican party will follow
two simple principles. Taxes
shall be levied in accordance
with each ones ability to pay.
And the primary purpose of levy
ing them will be to raise money.
We must-and can-raise more
money at less relative cost to the
people. We must do it without
inflicting on the poor the present
disproportionate load of hidden
taxes.
The New Deals attack on busi-
ness has had inevitable results.
The investor has been afraid to
invest his capital and therefore
billions of dollars now lie idle
in the banks. The businessman
has been afraid to expand mis-
operations and therefore millions
of men have been turned away
from the employment Offices.
Low incomes in the cities and
irresponsible experiments in the
country have deprived the farmer
of his markets.
For the first time in our his
tory, American industry has re-
manned stationary for a decade
1t offers no more jobs today than
it did 10 years ago-and there are
5000 900 more persons seeking
jobs. As a Nation of producers
we have become stagnant. Much
of our industrial machinery is
obsolete. And the national
standard of living has declined.
New Deal Fails In
Economic Rehabilitation.
1t is a statement Of fact and
no longer a political accusation
that the New Deal has failed in
its program of economic rehabili-
tation. And the victims Of Its
failures are the very persons
whose cause it processes to cham
pion.
The little businessmen are vic
tins because their chances are
more restricted than ever before.
The farmers are victims be-
cause many of them are forced
to subsist on what is virtually a
dole, under centralized direction
from Washington.
The nine or ten million unem-
ployed are victims because their
chances for jobs are fewer.
approximately 5000 900 families
are victims because they are on
relief.
And unless we do something
about it soon, 130, 900 900 people
an entire Nation-will become
victims, because they stand in
need Of a defense system which
this administration has so far
proved itself powerless to create
anywhere except on paper.
To accomplish these results, the
present administration has spent
go billion dollars.
And I say there must be some
thing wrong with a theory Of
economics by which, after the
expenditure of such a fantastic
sum, we have less opportunity
than we had before.
me NcW OcAl UcuctcS, dS lIc-.
quently declared. that the SPEND
ing of vast sums by the Govern
ment is a virtue in itself. They
tell us that Government spend
ing insures recovery. Where is
the recovery?
Philosophy Of Production Must
Replace Spending Theory.
The New Deal stands for doing
what has to be done by spending
as much money as possible.
propose to do 1t by spending as
little money as possible. This is !.
one great issue in domestic policy
and I propose In this campaign
to make 1t clear.
And make this grave charge
against this administrations:
I charge that the course this
administration is following will
lead us, like France, to the end
of the road. I 4dv that this