Word: grains
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Dates: during 1940-1949
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Harry Truman grinned appreciatively. What we're after, he said, is grain. He said he knew that people sometimes feel they have been imposed upon, but this is an attempt to do voluntarily in a free country what other nations have to do with police-state methods...
Maine's nimble May Craig thought he was dodging. "Mr. President, if you eat more chickens, wouldn't there be less chickens to eat the grain?" Harry Truman replied that that was like asking which came first, the chicken...
...began with "Well, what should we do?" got lost in guesses and by-Gods. One of the most dubious guesses was the Administration's guess that it might be able to control prices by persuading people to save food, while it went ahead with its program of buying grain to feed Europe. Those were two birds flying in different directions which could not be brought down with the same stone...
During that time, the Government had purchased for export somewhere around 270 million bushels of grain. The President, a little hysterically, tried to make the grain speculators the villains (see BUSINESS). But there was no villain - only the law of supply & demand...
...Government's plan to buy a total of 570 million bushels of U.S. grain for shipment had simply created an unbear able pressure...