The people's voice. [volume] (Helena, Mont.) 1939-1969, 1956-02-03
Editorial
This is PROSPERITY?


For some time now American public receiving
increasingly heavy doses of propaganda aimed at nstng the
notion that nation highly prosperous and that under
Republican stewardship such condition can and on
and on.
1t recalls to mind recoections America
pubcans told look forward to in 1928 two chickens
in every pot 1.-TWO garage America has at last
achieved lasting prosperity etc. etc. (That when this
Editor of the most vceros younger Hoover boosters
his home community
But actually prosperous possibly
the of another precice not dssmar to the
which the nation plunged in October 1929?
This weeks U. S. NEWS & WORLD REPORT following
survey up with facts and figures which
indicate that unless the Administration launches wholesale
pump printing program, may be in serious economic diff
Here of the NEWS findings:
Housing starts down Is cent since January 1855
2 Auto output is down 9 per cent since November 1856
Industrial stock prices down per cent De-
cember 1856
Inventories CONSUMER goods HANDY up per cent
since January 1855
s. Consumer credit Gnsalmen buying) up 20 per cent
in year.
g. Home mortgages are up IS per cent in one year
T. Bank loans to business 10 per cent in year
addition the above danger signals farm income has
sumped "a the last three Forecasts
will drop another 10 cent in 1856 Senator Milton Young
(RN d. radio broadcast Sunday night
World War broke that, unless aid is Immediately forth
coming, twohrds of all American farmers will be broke by
Still another report by the Federal Commission
that manufacturers with less than $25OOOO in assets had net
drop million in 1852 to go million in 1866
a decrease of sc per
Investigations Of the automobile industry reveal
IL
he selling by authorized dealers of autos to used
operators and other unauthorized outlets at little profit
to the authorized dealer order decrease overocng
forced upon them by manufacturers
Still another indication of the shaky economic condition Of
the nation the 80 cent cut wholesale
electrical appliances by General Electric Other electrical
appliance manufacturers getting step with GE
sashng.
All the nation, warehouses bullying with
goods They production back sub
stantiay.
The of the matter show two principal why
the nation at the basks FOOLS paradise of false
perty $35 billion military budget; e. An ntenscation
upward spiral nsamen buying (buyng goods today
by mortgaging future income) h
military budget we'll probably have with
long, long time. We simply can't permit several Of
thousands of generals adma colonies and other varieties
of assorted brass to become suddenly unemployed
The overextension Of nstamen buying is quite another
thing AS u. S. NEWS reports peope loaded with install
credit and fast reaching the point where they
without the take further commitments Of future
income
slowing down of insallment buying plus continuation
Of the farm price slump will make COP claims of prosperity
in peaceme hollow the October 1929 stock market
did such 1928 campaign slogans mentioned above
of you will doubt remember that neither did get
1.-TWO chickens in every pot wo in garage
Instead wasn't long before you had neither the pot the
garage.
analysis indicates that similar situation
may the tragic aftermath Of the prosperity told
we enjoying in America.