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How Eisenhower Plans to Deal with Depression:
Wait-and-See, Followed by What?
- Abstract
“Prosperity is just around the corner.” The old Hoover slogan has become the watchword of the Eisenhower Administration in appraising the recession that has shaken more than a million workers out of their jobs since the beginning of the year.
True, there is good reason to believe we shall turn the corner a good deal faster than we did in 1930 and 1931. But if we do, it will not be because the government has been any more enterprising or imaginative in setting the forces of recovery to work than it was when the last Republican President lived in the White House.
We have heard a lot about the Administration’s readiness to act if things get bad enough, but any disposition to put what the President calls a “slambang” economic program into operation always yielded to the confidence that the horrid specter of unemployment would go away if nature were allowed to take its own course.
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