Word: eca
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Dates: during 1950-1959
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Desk-Bound Intellectuals. The Democrats, on the defensive for what was indeed a wretched record, even suffered a defection from their own ranks. Nevada's Pat McCarran, a blustery Democrat whose chief concern with foreign policy has been a single-minded drive to bring Spain into ECA, declared that the dust had settled long enough in Asia. Roared McCarran: "I am quite familiar with the doctrine of those desk-bound intellectuals who got all mixed up, those gentlemen who would probably describe Al Capone as the product of an unhappy childhood, those gentlemen who saw a boil on China...
...Senate. When Nevada's white-haired Pat McCarran, who had once enjoyed Franco's hospitality, brought up his perennial resolution to give Spain a big slice of Marshall Plan money, he found the Senate surprisingly receptive. Administration leaders managed to keep the money from coming out of ECA's pockets, but could not stop the bill itself. The Senate voted 65 to 15 to give Franco the $100 million...
...State Department was first stunned, then furious. Nobody had told it that McCarran would bring up his bill, or that it stood a good chance of passing. State wasn't against lending Spain the money out of the Export-Import Bank, as a straight business proposition. But, like ECA, it was flatly opposed to handing Franco $100 million to do with as he pleased. Even nations like Britain, who were wartime allies, got no such favored treatment. ECA nations had been required to sign tough bilateral treaties with the U.S., to subject their spending plans to U.S. scrutiny...
Abandoned Principle. All through the Senate debate there were hints that "economy" would be a much more popular word when the big EGA appropriation came before the Senate. Scenting trouble, ECA quietly abandoned its old first principle, that the Marshall Plan should be used only for peaceful economic recovery of Europe. Henceforth, said Deputy ECAdministrator William Foster, Marshall Plan nations could rearm themselves with their counterpart funds-some $3 billion in their own currencies which they have contributed, and put under U.S. control, to match ECA dollars. With that matter cleared up, the Senate briskly voted ECA its $2.7 billion...
...Pacific pact modeled on the North Atlantic pact. The Senate Finance Committee, after talking it over with Secretary of the Treasury John Snyder, regretfully shelved the bill to cut excise taxes. Thirty-five Senators (including five Democrats) backed a 10% cut in all non-defense appropriations, including ECA. Majority Leader Scott Lucas promptly objected to any such "meat...