Word: bigs
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Dates: during 1940-1949
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Decline ... But by 1900, the party was forced to choices. "Would it champion the cause of small business or would it go where the power and money were, with Big Business?" The party chose Big Business. When sharp division arose between employer and employee, says Webb, the party chose the employer...
Defense Secretary Louis Johnson's big budget-pruning shears were clipping the U.S. Navy where it hurt-in the wings. Aiming at a cut of nearly $1 billion in the current budgets of the three armed services, Johnson had ordered the Navy to lop off $353 million as its share and let the admirals decide where to do the trimming. Last week the Navy was obediently dismantling 21% of its air arm to meet the new ceiling. Twenty-eight Navy and seven Marine combat squadrons were being withdrawn from service; operations were being reduced at six air bases...
...been given time to do a gradual job, there was not much doubt that the Navy could have melted away $353 million in fat without nicking the muscle. But by demanding the cutback immediately, Johnson had forced the Navy to chop away at the only big target in sight. As a result, Louis Johnson's big plans for economy were beginning to look more like a blueprint for disarmament. Wrote Columnists Joseph and Stewart Alsop last week: "Wartime control of the Mediterranean has probably now been cast away . . . The security of the United States and the safety...
There was another, more subtle factor. Under Chairman Lilienthal's stewardship, the U.S. atomic program had successfully made the transition from military to civilian control. Production and morale were up; personnel turnover had been reduced; scientific research had taken big strides (see SCIENCE). But with Russian possession of the bomb, new readjustments were bound to come. It was probably time for congressional re-evaluation of the Atomic Energy (McMahon) Act of 1946, for redefining problems of secrecy and military security, for clarifying the checks & balances on AEC-the "advisory" scientists, the military liaison officers, the joint congressional "watchdog" committee...
...restoration of business alone, but toward the rehabilitation of the suffering and destitute of the entire nation . . . Having no public domain to give away and no other government assets, it would pay for all this by taking money away from those who had it, mainly from Republicans and Big Business, and giving it to those who needed...