Word: patman
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Dates: during 1950-1959
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...Representative Wright Patman, going all out for Stevenson and Sparkman, was making plans to stump the state...
...Iowa Democratic Chairman Jake More said he is personally "very friendly" to Oklahoma's Senator Robert Kerr. ¶ Senator Kerr's Oklahoma colleague, Senator Mike Monroney, said he thinks House Speaker Sam Rayburn is "a natural" for the job. Another Rayburn man: Texas Representative Wright Patman...
...Sale. The biggest surprise came for Patman; not one of the experts would buy his theory that the President ought to have control over the FRB. Even John Snyder rejected it. Wrote he: "I do not suggest that the President should be given any [such] powers...
...When Patman, as a member of the Joint Committee on the Economic Report, began his own special subcommittee inquiry last year, he was primarily concerned about the Treasury's partial surrender to the Federal Reserve Board's drive for higher interest rates. Patman, who thought that the increase would be bad for small business, believed it was high time the President got power to make the independent FRB march in step with the Fair Deal. With the help of plenty of genuine economists, he fired off one of the biggest questionnaires Washington had ever seen (34 pages...
...Patman had done nothing else, he had got all of the arguments-and justifications-out in the open, where his committee can shoot at them next week when it opens hearings to try to bring the Treasury and FRB together in a coherent monetary and credit policy...