Word: recessional
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Dates: during 1950-1959
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THE second session of the Democratic 85th Congress ran in a remarkable time. Its life was shaped by Russian Sputniks and rocket diplomacy. Middle East turmoil, U.S. economic recession, election-year politics-by its own generally responsible leadership, and, above all, by the firmest treatment Capitol Hill ever got from...
Against Russian rocket-rattling and economic recession, mutual security and reciprocal trade measures were more vital than ever. Yet recession gave congressional reactionaries an excuse for a savage fight to "protect" U.S. industry and to kill "giveaways," meaning foreign aid. In general, Congress wrote a responsible foreign relations record against...
Pork Barrel. At height of recession flap, Congress rushed through a monstrous pork-barrel (rivers & harbors) bill authorizing $1.7 billion for construction projects, some without engineering studies. An Eisenhower veto brought back a more reasonable bill, which the President, somewhat reluctantly, okayed.
Thrown in with the Middle East questions at the press conference was one that brought the President closer than in years to the edge of an I-told-you-so-and justifiably. The question: Now that the recession is receding, steel prices going up and federal budget deficits looming, did...
Huge Debts. The President's other big problem is an economy dragged downward by the Rojas regime's extravagance and the estimated $70 million sag in coffee income this year. The junta made a start by imposing what Colombian businessmen call "organized recession," including severe import restrictions on...