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...supposedly alert press" for the misinformation and "emotional antipathy to high taxes" that have stirred budget "hysteria." In the budget debate's first round, said Lawrence, the press generally misinterpreted or overplayed Treasury Secretary Humphrey's celebrated press conference warning of a depression "that will curl your hair" unless the 1958 budget were drastically reduced. Columnist Lawrence, after studying the press conference transcript, pointed out that too many news stories had failed to bring out that Humphrey was referring not to the current budget but to the consequences of continued high spending and high taxation "over a long...

Author: /time Magazine | Title: The Press: Counsel for the Defense | 6/3/1957 | See Source »

...that Ike has ever had. Most perceptive editorial writers agreed with what he said ("earnest and impressive," said the often-critical Washington Post and Times Herald). But most also thought that he was far too late in saying it. "He should have moved when Secretary Humphrey made his incredible [curl your hair] criticism," said the pro-budget Atlanta Constitution. "Meanwhile, the enemies took possession of the field and established themselves on all the strategic positions in the political terrain...

Author: /time Magazine | Title: THE PRESIDENCY: Close to a Flop | 5/27/1957 | See Source »

...Republican Old Guard is back on its feet. Not since 1952 has it been so in evidence. Its battle flag is the curl-your-hair Eisenhower budget, first unfurled by Treasury Secretary George Humphrey. But the size of the budget actually is less at issue than the things it stands for. Says a top Eisenhower Republican: "The fight was bound to come, and if it had not been the budget, something else would have started it." The reason the fight was bound to come lies deep in the chemistry of the Republican Party...

Author: /time Magazine | Title: THE REPUBLICAN SPLIT: It Is Deep & Real But ike Can Still Repair It | 5/20/1957 | See Source »

...President at the same time voiced complete agreement with Secretary of the Treasury Humphrey, who said last January that unless the "terrific tax take" is reduced this country will have "a depression that will curl your hair...

Author: By The ASSOCIATED Press, | Title: Eisenhower Will Address Nation To Get Support for New Budget; House Cuts School Appropriation | 5/9/1957 | See Source »

...Dwight Eisenhower, left an eminently proper impression of a Treasury Secretary defending his boss's budget. Then came a question-and-answer period-and George Humphrey struck out on his own. If long-range expenditures are not reduced, Humphrey predicted, the nation will see "a depression that will curl your hair, because we are just taking too much money out of this economy that we need to make jobs." On television a fortnight later, Humphrey expressed confidence that the budget could indeed be cut and that" "if we can make a sufficient reduction now, then we would...

Author: /time Magazine | Title: National Affairs: THE HUMPHREY FLAP | 4/22/1957 | See Source »

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