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Thus, after a cool compliment to Baruch's free-enterprise ideology, Senator George warmly advised the press that he and Baruch were unalterably at odds on "the question of whether the economic destiny of the country is to be settled by executive directives or by . . . the elected representatives of the people." Grimly he added that his bill to make Congress the postwar boss would be introduced early this week. The bill's coauthor, 100% New Dealer James Murray of Montana, merely mumbled something about "Mr. Baruch's admirable report" and "the need for broad legislative action...

Author: /time Magazine | Title: Alarums & Excursions | 2/28/1944 | See Source »

Offense. To make matters worse, it became apparent that Baruch, Hancock & Co. had inadvertently offended another potent political force. Their warmhearted words about "the human problems" of reconversion contained no mention of consultation with labor, no specific recommendations on dismissal pay for workers, etc., though it did contain a detailed blueprint for paying off war contractors...

Author: /time Magazine | Title: Alarums & Excursions | 2/28/1944 | See Source »

...White House came angry we-want-in letters from union leaders. Nonetheless the Soldier's President this week signed a sheaf of papers designed to implement the Baruch report by strictly unilateral executive order...

Author: /time Magazine | Title: Alarums & Excursions | 2/28/1944 | See Source »

These alarums & excursions were ironic wormwood to Elder Statesman Baruch, whose political philosophy is a good deal closer to Old School Democrat George's than to Franklin Roosevelt's. Throughout his report Baruch had repeatedly cautioned the U.S. against divisive pressure-group politics. He had labored valiantly to present a set of policies that would impress Congress and the nation without depressing the President, to whom his report was of necessity addressed. But he forgot the one great issue that transcends all others in 1944 Washington, D.C. Implacably Republican Senator Arthur Vandenberg blurted it out at week...

Author: /time Magazine | Title: Alarums & Excursions | 2/28/1944 | See Source »

...past, "each one of the various groups tended to concentrate on their own interests . . . [they] tended to paralyze each other rather than to utilize each other." Two days was too short a time for them to get specific-at least for the record. They fluffed off the Baruch report on transition problems (see below) with a this-needs-further-study statement. But publicly they agreed with the Baruch report's major premise that free enterprise can and must win the peace. "The session was unanimous and emphatic," said the final statements to the press, "in agreeing that the objective...

Author: /time Magazine | Title: Business & Finance: Bull Session in Atlantic City | 2/28/1944 | See Source »

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