Word: rearmaments
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Snail's Pace. The long-standing indecision of the Administration showed on other fronts. In his Economic Report, despite promises of vast expenditures in the future, the President gave some idea of the relatively niggling size of the rearmament effort to date. Currently, he pointed out, rearmament is taking 7% of the national output; next year it may take as much as 18%. In World War II, rearmament absorbed 45% of all the nation's wealth and property...
With Fingers Crossed. The State Department seemed to see no opportunity for decisive action while the U.S. still had the big advantage of the atomic-bomb stockpile. And the military seemed to see no opportunity for speeded-up rearmament, no matter how willing the U.S. public was to pay the bill...
...Said Ike pointedly as he left: "Great social gains remain for all of us to attain, but they can only be attained in an atmosphere of security." Dutch officials supposed the observation was directed especially at Socialist Premier Willem Drees, who is more interested in social progress than in rearmament...
Although confident of ultimate U.S. victory over Communism, most Japanese are disturbed about the time it would take the U.S. to mobilize. With Russia and Red China facing them on the mainland, Japanese have started thinking about rearmament. Hisato Ichimada, governor of the Bank of Japan, recently said: "Rearmament is a question forced upon Japan by the international situation." Premier Shigeru Yoshida, who would like to use rearmament as a treaty bargaining point, last week cautiously added his agreement...
Cold Commitment. Rearmament would stretch Japan's present piano-wire economy to the breaking point. Japan must import most of its industrial raw materials, even depends on outside sources for 20% of its food. Southeast Asia can supply part of Japan's new material needs, but the loss of access to North China's coal and iron has dimmed Japan's industrial prospect...