Word: ega
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...EGA Administrator Paul Hoffman, an able and confident witness, detailed the facts & figures. Said Hoffman: "We can now say with assurance that Europe is through the first phase of its economic recovery...
...EGA was suffering not from a lack, but from an excess of support. Congress was well aware that the commitment had been made. They could only examine the books, and assess its achievements. Was EGA succeeding? The Administration's answer was a triumphant...
Flowing Hope. Its success, witness after witness asserted, could not, and should not be measured in economic terms alone. The impact of EGA, said Secretary Acheson, had altered "the political atmosphere of an entire continent." Added W. Averell Harriman, ECA's European ambassador: "Hope, and the will to resist tyranny, were ebbing in Europe in 1947. They are flowing again today. It is this-the will to live as free men and to go forward toward a future which, while it cannot be precisely foreseen, can yet be believed in-which has arrested the spread of reactionary Communist aggression...
Under questioning, Administrator Hoffman admitted frankly that he could not furnish final breakdowns to show where all of the EGA money would go, but he emphasized that the totals had been revised "downward again & again." Few seemed inclined to dispute him. Ohio's Republican Senator Robert A. Taft, a man with a burning aversion to blank checks, conceded that the estimates looked "just about right...
...Total EGA Program Funds...