Word: barucher
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...imposition of full economic control would require possibly half a million civilian officials, the policing of nearly 1 billion transactions a day, said Taft. The bill, which Bernard Baruch had argued was the minimum necessary, would, according to Taft, give Harry Truman "arbitrary dictatorial power" to regiment the economy; Congress should have its hand on the lever of every war manufacturing program...
...days, early last week, Congress seemed to be going all in one direction, carried along by a suddenly rising tide. Bernard Baruch's espousal of immediate price controls (TIME, Aug. 7) had even persuaded many Republicans that Harry Truman ought to have not less but more control over the economy. But before the week was out, the tide had become a wild rip on which bounced all the old rinds and used coffee grounds of U.S. party politics...
Democrats and Republicans alike had been hearing from constituents who were overwhelmingly in favor of price controls, though not so eager for either wage controls or rationing-which both Harry Truman and Bernard Baruch agreed go hand in hand with price control. Pennsylvania's Republican John Kunkel announced in the House that he was going to introduce an all-out, Baruch-like control bill. Since this reversed the Republicans' previous stand, Truman Democrats suspected a trap. There was no machinery ready to ration all goods and police all prices across the land; the Administration feared chaos would result...
...atmosphere had changed enough was another matter. Harry Truman still said stubbornly that he saw no reason for going any further than he already had. Conservative Republicans -e.g., Indiana's Capehart, Ohio's Taft- still thought that even the Truman program, though far short of the Baruch proposal, went...
...increasingly grim, preoccupation with his job. He was in touch, by radio, with the news from Korea, also increasingly grim. The current was carrying him on. It seemed only a question of time before President Truman would have to take stouter action. The nation's preparations, as Bernard Baruch had well said, had to be keyed to the worst possibilities of Russian behavior, not to the least dislocation of the U.S. economy...