"BERLE WARNS TRADE BOOM IS TEMPORARYAfter War, Need for Economic Revision Remains, He says"
"In the first address by an Administration spokesman here since the outbreak of war in Europe, AA Berle Jr., Assistant Secretary of State, declared last night that any war boom was only a temporary interruption of the more pressing problem of how our economic structure was to be reorganized to care for the large groups for whom private initiative is unable to provide. He warned therefore that business must not relax its search for the most effective method of meeting that problem...
"Nearly all industry, he said, depended for its existence on some form of privilege granted by government, such as tariffs, government subsidy, government buying, territorial monopoly and sales to companies enjoying such privileges..."
That's what's so infuriating about the FDR administration. Those folks really were a bunch of socialists, with no clues on how to make a strong economy. Indeed, for them a "strong economy" was the enemy, only tolerable during times of national emergency.
Did you ever wonder where our current Nobama administration gets its marching orders? Look no further. It's right here.
He cited the reorganization of the economic life of Great Britain in time of war as proof that individual preferences could be subjugated to the national need. . . . A similar reorganization would be possible here, he held, and asked why it was not possible to expend equal care, study and sacrifice to the less tragic objective of the national well-being.
Never let a crisis go to waste. And what business is any of this of an assistant Secretary of State? This is a scary little item.
The real economy recovered after the war