Evening star. [volume] (Washington, D.C.) 1854-1972, 1958-02-10

where our security and inter-
dependence are so important
to the free world. We know
how Russia uses economic aid
as a wedge to achieve penetra-
ton and the subjugation OF
people. The Communist goal
is always to dominate.
Demands Imagination
Our interest, on the other
hand. is to help create oppor-
|tunities for world prosperity in
which we could share. In order
to insure our need for an ever
expanding economy, as well as
to help the economies of our
friends and allies, we must
make this program the most
immediate and urgent UNDER
taking Of the government. If
we fail to understand this his
toric moment and act accord
ingly. we will have reason to
regret it. This is the area in
which Russia may cause more
trouble in the future to the
free world than perhaps she
could with all her missiles and
cold war propaganda.
] find it diff1cult to UNDER
stand why we are not acting
with more imaginative meas
ures in this field of world eco
nomic development. There are
vast areas of rich and fertile
lands. waiting to be used for
the benefit of the peoples that
possess them. that are capable
of feeding and sustaining pop
ulations in the hundreds of mil
lions. This is another oppor-
tunity of helping to remove
hunger from many under
developed nations.
And here at home there are
stu many new frontiers to be
developed to provide fresh re-
sources for our growing econ
ofny and population. Let me
cite one example: There are
great deposits Of shale in Colo
RADIO and adjoining States con-
tanning greater potential for oil
and chemicals than any other
known source in the world.
For many years the Govern
ment. has been actively engaged
in working out techniques and
designing machinery for the
productive use of these re-
sources. But in recent years
this activity was abandoned
and turned over to private in
dustry which is making slow
progress with it. This condition,
which should be corrected at
the earliest possible moment,
constitutes another Incident of
false economy and a failure to
grasp the potential needs Of
our industrial plant.
Sounds Call for Action f
In another area we have
taken q backward step in per-
hitting a showdown in the
development of our water re-
sources and our mining activi-
ties. This ought not to happen
in a dynamic economy.
And we must encourage Q
genuinely free economy where
prices, wages and profits are in
reasonable balance with each
other and kept in proper rela-
tionship for the general well
fare of the Nation and not for
any one group.
Above all, let US not lose our
sights on the future in any
battle over the budget. Our
economy has enormous capac-
ity to undertake any require
ment put against it by any
necessary and honest budget.
This is a time for action. We
must make decisions and keep
on making them. Inevitably
some mistakes will be made,
but no greater mistake can be
made in a dynamic world than
to hesitate.
We live in swiftly moving
times. 1t is not enough that we
keep up with developments. We
must manage to outpace those
who now challenge our Free
dom and leadership.
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