Word: eca
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Dates: during 1950-1959
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Owning Up. Taft draws attention to certain of his own blunders, a refreshing contrast to the smoke-screen technique of the Trumanites who have never owned up to their own catastrophic miscalculations. He originally opposed the Marshall Plan, but once "the Russian threat was apparent" he was for ECA. Before Korea, he went along with the inadequate Truman reductions in the military budgets because "twelve to thirteen billion dollars a year . . . seemed a large sum to me, and I took the word of the Joint Chiefs of Staff...
Washington helped the infant republic with war damage dollars, war surplus, ECA bequests, RFC loans, millions in back pay to Filipino soldiers and guerrillas. Altogether the U.S., in six years, put $2 billion into the Philippines. But the money flowed in without proper planning, or proper safeguards. Instead of going into the mouths or onto the backs of Filipinos, U.S. surplus and relief goods slid from one speculator and profiteer to another. It was a poor trader who could not triple or quadruple his investment in pencils, tractors or derricks...
...showed little practical interest in the fight against Communism. He voted for 7 out of 16 of the amendments to limit the scope or cut the amount of ECA and other foreign aid bills. This year, he voted for a $500 million cut in the Mutual Security Act extending military and economic aid to Europe. Commented a fellow Republican Senator: "McCarthy simply has never been in the picture. He's off on that stuff...
...Recently ECA Boss Dorr was out in the wilds of eastern Anatolia. He asked an old farmer if he had heard of the Marshall Plan. Indeed the farmer had. "Before Marshall," the old man said, "there was no hard road near my house. I could only get 20 kilos on my donkey's back. If I put more on him, he sunk into the mud. Now I can put 30 kilos on the donkey, thanks to the Marshall Plan...
...doubt due to her having fought the early ones with so much carefree audacity. The Blessing is her seventh, and best, novel (runners-up: Pursuit of Love, Love in a Cold Climate), and its overall gaiety more than makes up for the fact that its British nannies, French lovers, ECA Americans, etc. are not so much fresh creations as types lifted easily from well-known hooks...