Word: brannaned
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Dates: during 1940-1949
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...nothing the Speaker could do or say was going to save Harry Truman from another defeat. The rebellious House was out to kill the Administration's spectacular Brannan farm plan (TIME, April 18). And to make the chase more annoying, some of Sam Rayburn's most stalwart followers were leading the posse...
What was needed now, the President said, was to pump new life into the sagging economy with a series of Fair Deal measures to increase minimum wages, broaden social security, raise farm price supports through the Brannan plan. In essence, his program was a moderate dose of the old New Deal mixture: deficit financing, some brave whistling, some Government pump-priming...
Beaming, bald Secretary of Agriculture Charles F. Brannan rode back to Washington from the tall corn country last week, basking in pleasant visions of the future. For two days an all-star cast of Democratic brass had hobnobbed in Des Moines with 3,000 farmers, labor leaders and party bosses from 16 Midwestern states, whooping up the Brannan farm plan, which, to hear them tell it, would give the farmer a high income, the consumer low food prices, and the taxpayer practically no pain at all (TIME, April 18). There was almost no chance of its passing Congress this session...
Farmers in dry areas, said Brannan, who promised to get their wheat into storage within 90 days could get "distress" loans (i.e., 75% of a normal support loan) on wheat even if it was lying on the ground. The farmer would not be responsible if the wheat subsequently rotted; it would be graded according to its original condition. Once the wheat was stored, the farmer could draw the other 25% of his loan. The CCC will also build 50 million bushels of storage space of its own, lend farmers 85% of the cost of building their own storage facilities...
Guess Again. At week's end the job looked bigger than Brannan thought. His statisticians, revising their previous estimates of the 1949 harvest, boosted the total possible yield to 1,336,976,000 bushels, just under 1947's alltime record of 1,364,919,000 bushels. But the actual harvest, which so far had only gone through a few counties in Texas and Oklahoma, was surprisingly turning out anywhere from 30% to 50% smaller than Brannan's estimates (the farmers blamed joint worms, rain and hail for cutting it down). Nevertheless, if the crop proved...