Word: pumps
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...Public Works program, including Government-built low-cost housing, to prime the pump of heavy industry which refused to be primed by the first $3,300,000,000 appropriated last year. Such a program was discussed about the White House in astronomical terms of billions of dollars. Prime point was govern-ment spending on such a scale as the country had never before dreamed...
...depression seems comparatively clear. The government must cease its threats to private initiative. It must use every force at its command American business to make money. Having made a fondle attempt to solve the problem of unemployment by radical programs and federal priming of the industrial pump, the administration must now encourage the normal course of business enterprise. Only by thus inducing business to stand on its own feet can the Roosevelt regime hope to achieve a permanent and satisfactory solution to the problem which every day thrusts itself more sharply into the life of the American public...
Aware that his CAM bond issue was hopeless at this time, Nominee Sinclair proposed, instead, to levy a tax on industrial corporations and utilities to raise ''$5,000,000 or $10,000,000" to prime his EPIC pump. He proposed to go to a man with an idle dress factory, for example, rent his plant for tax-receivable paper for three years, retaining the executives at their old salaries. Unemployed would be put to work making dresses for other unemployed, who would in turn be set to work as soon as possible in other factories...
Known Moley dinner companions: Bruce Barton; William Thomas Grant of Grant stores; Andrew J. Maloney of Philadelphia & Reading Coal & Iron; James Cash Penney of Penney stores; Harry C. Beaver of Worthington Pump...
...slow laborious upturn in business is in the making and may show possibly a greater than seasonal advance during the coming weeks. Perhaps the most encouraging index is the activity in retail merchandising. This advance is due directly to governmental spending. The government is not only priming but pumping the pump. An industrial truce as suggested by the President would prove extremely helpful to business in general...