Word: recessions
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...ever be afraid to recess ... so that you keep proceedings in control so far as creating news is concerned...
President Roosevelt announced that he would present a new fiscal program to Congress before the summer recess- pointing out the danger of the "inflationary gap" and asking for new taxes. By week's end he had all his financial advisers working on the program: War Mobilize? James F. Byrnes, the Treasury, Budget Director Harold D. Smith, Economic Stabilizer (and oldtime taxpert) Fred M. Vinson...
...last week the Senate stood in recess. North Carolina's Joe Bailey and Tennessee's Kenneth McKellar stayed on the floor. But most Southern members were conspicuously absent. Escorted by a committee of four, including Alabama's Lister Hill, a slender, smiling Negro entered the Senate chamber, mounted the rostrum. The members of his party were ushered to their seats. Then Vice President Henry Wallace introduced him: "Members of the Senate, ladies and gentlemen, I introduce to you the President of Liberia...
...forgiveness to 75%, marked time until the bill comes to a vote on the House floor next week. Minnesota's balding Harold Knutson still held out for something closer to the Ruml plan; he hoped for many a Congressman's conversion while home for the Easter recess. Dopesters agreed that the House would finally pass some kind of tax bill, to throw it, as usual, in the Senate's lap for rewriting...
Then House Republican Leader Joe Martin put the most painful burr of all under the harness. All Congressmen, including Muley Doughton, want to get away for a two-week Easter recess. Martin announced flatly that he would prevent the recess unless the House voted a pay-as-you-go compromise first. Old Muley Doughton grew red-faced and smoking hot, but he still balked...