Word: aaa
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Dates: during 1930-1939
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Though Oldster Hull is proud of having negotiated these tariff treaties, few New Dealers envied him his Minneapolis job, because the reciprocal trade agreements are admittedly unpopular along the Canadian border. NRA, AAA, WPA, PWA, the Wagner Labor Relations Act, the Guffey Coal Act, the Social Security Act have given or promised cash or privileges to some particular group of voters. But trade reciprocity depends on the abolition of privileges, and few of its beneficiaries are aware of their benefits. Steel workers never know what portion of their pay comes from steel that goes into automobiles and machinery sold overseas...
Loudly hailing his reciprocal trade treaties as the biggest break yet in the "economic log jam", Secretary Hull displayed in Minneapolis last week a naive and childlike conception of the havoc which Roosevelt policies have brought to our foreign trade. The combined effects of AAA crop reduction and the reciprocal agreements have closed foreign markets to many of our vital crops like cotton, and at the same time opened the gates wide for the importation from abroad of products much better produced at home. Clearly a policy which calls for slaughtering cattle in the north-west and then importing more...
...machinery, he naturally became deeply interested in farm problems. As a politician, he began agitating for an export subsidy for the U. S. farmer. When Republicans did not solve the farm problem according to his lights, George Peek became a Democrat. As a Democrat he became head of the AAA. As head of the AAA he quarreled with Braintrusters over the agricultural codes, finally resigned. President Roosevelt made him special foreign trade adviser and head of the Export-Import Banks. Then came the reciprocal trade treaties, which George Peek thought Secretary Hull was mishandling. So he quit the Democrats...
...AAA is unconstitutional, so is the RFC set up under Hoover," stated Stock, the Democratic speaker. "The Hoover policy of giving aid only at the top to large banks and corporations is just what Republican philosophy of today stands for," he continued...
...Philadelphia, into the preserve of Denis Cardinal Dougherty, sped Father Coughlin two nights later. To a National Union rally in the Municipal Stadium he delivered an equally strong paraphrase of his remarks: "This program of destruction [AAA] is unChristian. It is anti-God; it is just downright asinine. . . . The causes which beget Communism are not removed in America. . . . If and when ballots will have proven useless . . . I shall not disdain using bullets...