Word: reuthers
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...before the committee to complain came the National Automobile Dealers' Association, aided & abetted by the C.I.O. Autoworkers' Walter Reuther. Indirect controls, they cried, were awful. Regulation W was so harsh, said New Jersey Dealer William L. Mallon, that "many thousands of new car dealers [might be] compelled to discontinue their business." The auto dealers wanted the payment time on new cars to be extended from 15 to 18 months...
Organized labor was fighting a hard and relentless campaign. In an unprecedented formal alliance, the C.I.O., the A.F.L., the United Mine Workers, the Machinists and the Railroad Brotherhoods had got together in a strictly political organization and dubbed it the United Labor League. The auto workers' Walter Reuther had invaded the state to denounce the author of the Taft-Hartley Act. From labor headquarters had rolled thousands upon thousands of pamphlets, posters, books, a lurid comic book (drawn by Al Capp's brother Elliott) attacking and lampooning Taft. A few of the attacks hit home, but some...
...greatest howl of all came not from the producers or buyers but from the Auto Workers' President Walter Reuther. Said he in a letter to NSRBoss Stuart Symington: the new credit restrictions would create "mass unemployment before there is enough defense work and take materials out of civilian production before they are needed in defense production. They are discriminatory, ill-considered and dangerous. They are a grievous blunder . . . The Federal Reserve Board, living in a world of banker mentality and unaware of basic production problems, has . . . made a stab in the dark and the knife is in the backs...
...Heavy Toll. Reuther was exaggerating-as is sometimes his wont. But the new credit restrictions, plus the new tax bite, were taking a heavy toll in other businesses besides autos. The prices of new houses, which were removed from the easy credit field at the same time as autos, were not yet dropping, but sales were down...
...Auto Workers' Reuther and Art Johnstone shaking hands with G.M.'s Vice President Harry Anderson and Labor Director Louis Seaton...