Word: overcuteness
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...also expect we'll get some surprises on the business side. Businesses overreacted to the severity of the recession - they cut capital spending, they cut advertising, they cut employment very, very dramatically. They overcut. In the next six months, we are going to be in a period where businesses hire back aggressively and spend on capital equipment and advertising and all those things very aggressively. (See 10 big recession surprises...
...public grazing lands is that private ranges have been grossly overgrazed. Environmentalists cite this as proof of their contention that commercial interests are often concerned only with profits. The timber industry has been another offender: it wants to buy national forests, in part because private lands have been overcut. Indeed, environmentalists note, the whole purpose of creating the national forest system was to prevent loggers from stripping the woods bare. "Two-thirds of the timber in this country comes from private land, and private timber industries can overcut or do whatever they want with that land and the timber...
...been a so-so session of Congress. President Coolidge congratulated both houses with a warmth which was surprising in view of the lesions Congress had caused in the Administration's program. Congress had far overshot the Coolidge ideas on farm-relief and flood control; overcut the Mellon idea of tax reduction; left stranded the Wilbur "Big Navy"; appropriated some 500 millions beyond the Budget; retained Muscle Shoals instead of disposing of it as Mr. Coolidge urged...
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