Word: hooverness
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...Herbert Hoover is the only living ex-President of the U. S. Alfred Landon is the latest Republican President-reject. As such they are the titular leaders of their party. Unfortunately for their party, however, they have taken such bad political beatings that their prestige is badly battered. And to make matters worse, they last week made manifest how much they are at odds...
...This meant that they were not prepared to disagree in public. However, last fortnight in Topeka, Alf Landon called a national radio mass-meeting, spoke his mind on the state of the Union for half an hour (TIME, Nov. 1), without so much as a lukewarm mention for Herbert Hoover's biggest political plan. Last week, addressing a meeting of 3,000 Republicans in Boston and a nation-wide radio audience, Herbert Hoover assaulted the ears of Republicans with his Plan...
...This Hoover plan is to hold a Republican convention to draw up a platform- just as is done in Presidential elections- before next year's Congressional elections. Some Republican Congressmen, and presumably Alf Landon, fear that votes may be lost locally by a platform assaulting the New Deal. Herbert Hoover brushed this aside...
...that year Herbert Hoover found his Treasury in the red by about $900,000,000. In the following four years the annual deficits ran consistently above three billions, then hit a peak of $4,700.000,000 in fiscal 1936 (year of the Soldiers' Bonus), dropped to $2,707,000,000 in fiscal 1937. Relatively small though the new figure for fiscal 1938 appears, it will be the eighth consecutive deficit-with government revenues only a shade short of the alltime high ($6,695,000,000 in booming 1920 when Wartime taxes were still in effect...
...Franklin Roosevelt's fireside chat the week before -came from Columnist Hugh Johnson on his conveniently-timed Bromo Quinine program. Not satisfied with disparaging Alf Landon's argument, he mocked Alf Landon's pronunciation by repeating a Landon slip: "attackted." In Manhattan next day, Herbert Hoover said tersely "It was a good speech" but failed to send Alf Landon congratulations...