Toledo union journal. [volume] (Toledo, Ohio) 1942-current, 1948-02-20
It's News
To Me
By O. ]. Pecmd

Good day fellow sufferers and hows your and
bonds this lovely spring like February day?
Despite the ups downs of the markets commodities
stocks have heard wives about the
lovely bargains they have been able to pick up grocer
the butcher their favor dress shop And
that gentle reader the thing that really counts.
you and if wheat and oats, barley and corn go
Do we care if the American Company struck
gusher pouring forth 5000 barrels of circus lemonade
a day oil is still selling at premium price?
the imports which coming in from Pata
gonia reduces the cost of chewing gum chicory?
any of these things long butter
bread bacon still selling at rdculously high
prices don't forced to spend
nickel make to try and keep sound diet on tables for
ourselves families while hope that somehow
other be able to few dollars to give to land
lord next rent day.
The rise and fall of the meaningless
the of the everyday items of food clothing
and shelter which must have But for other
quicker effectively than the declines do.
OVERPRODUCTIoN
One of these days possibly sooner than of us now
think oracle of big business will rise in his place to tell
the nation with straight face I'VE suffering from
production"
When that occurs before surely will
happen at least more it will mean that in the be-
ginning of depression happened the last time in the
midst of temporary" depression.
really any such a thing overproducton,
than there such thing underconsumpon What
the big boys going to refrain from telling is that they
forgot that the economic system must be kept in balance and
that when of the system becomes
throws the whole works out of joint
Some indusralss and businessmen actually realize the
Importance of keeping the economic system in balance and
like to give their employees
seriously handicapped purchasing (conSumng)
But and this important they belong to their trade
and other business associations and forced to stay line
else.
NO SUCH THING
And there actually labor leaders who fearful
production lest in working full scale full efficiency
they contribute to the Cutting of the market
There is such thing overproduction
sumption. Consider any item that is look
the field and see if this isn't true
AS case point Practically every home has
radios but they are like home which has
four, they still could another radio replace anti
quaed out jobs that really should
the payroll tax financed rubbish collection
Take another illustration around Toledo
city and look the homes
better homes? You're darned right there field for
silly This field alone would be productive of jobs and business
to last us for
What about clothng Could your wife use new dress?
Could another suit? How Practically
every working kids could use
dtional clothing from the skin out
Regardless what is paint automobiles refrgeraors
electric gimmickS of all kinds still
So, you ask, what's about it?
Nothing, except this, that long as few greedy
vduas insist clipping the regularly
willing to sarve freeze and perish of exposure
And this is what is known the free enterprise system
the that either wrecks the risk capital
wrecks the people and the nation paying
enterser long after the original investment returned
many fold
This is the system which men sarve in the midst of
plenty naked because there clothes 60
footed because there too Shoes
too much coal and do without decent
too many houses
Who heard of bunch monkeys starving to death
when they by bumper crop