Word: humps
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...Over the Hump? The great hope sprang out of war production. U.S. industrial genius had triumphed beyond belief. WPB had suddenly discovered that its first big job was done. The spadework was over in munitions-making, in getting the many new plants built, in converting the old ones. No one had guessed how much war material the new plants would make- and how fast...
...Biggest hump ahead was the personal income-tax rate. Still under consideration was Secretary Morgenthau's newest proposal: to have all who file a return pay a $5 head tax. The sales tax was asleep under an anesthetic that might wear off at any moment. Latest anesthetist was Price Boss Leon Henderson, who argued that the heaviest burden of a sales tax would fall on "persons whose standard of living is already below safe levels." But, while no one wanted to wreak injury on the very lowest income group, most New Dealers now argued that a sales...
Conversion was coming along: "At the end of May, practically all of the consumers durable goods industries will have shut down . . . many of them will have been converted into war work. We are over the hump on production...
With the production program finally over the hump, the nation is faced with a six-billion purchasing power increase which, combined with an even greater decrease in consumers' goods production, can produce a fifteen-billion dollar inflation balloon. Danger from rising prices and a dislocated economy can not be met by "soaking the rich" alone. The six-billion demand increase is almost entirely in the hands of members of the lower income brackets and is not touched by the government's tax on individual and corporate surpluses. Paradoxically, with everyone employed and every sign of prosperity, the nation...
...probable starting team of Bixler, Di Led, Keene, Richards, and Hennessey will face a Milton aggregation minus its captain and star, Hump Moulton, who is ill with the chicken...