Word: stassenated
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Last spring pressure began to mount in Britain and elsewhere for relaxation of the U.S. embargo list. The U.S. then began talks in Paris with 14 countries for a revision. Last week Foreign Operations Administrator Harold Stassen announced the changes. They are sweeping, and represent another major setback for U.S. policy...
...Stassen put the best possible face on the relaxation, saying that "a net advantage to the free world" resulted from it. This statement is questionable on two counts...
...Stassen argument assumes that the U.S. knows better than the Russians what the Russians really need. Tractors are taken off the embargo list on the ground that Russia produces a lot of them. But last week Moscow's Pravda was bitterly complaining that lagging Russian tractor production was grievously hurting the program of farm expansion. Every tractor shipped to Russia will help make up this lag and could also release Russian capacity for military tank construction...
FOREIGN-AID PLANNERS under FOA Director Harold Stassen are working overtime on three economic ideas for Southeast Asia. FOA wants to set up 1) a currency-clearing union backed by $1 billion in U.S. funds, to help settle payment accounts between Asiatic nations; 2) a U.S.-financed rice bank to store surplus rice against famine years; and 3) a series of U.S.-sponsored barter deals by which Asiatic countries can trade more of their raw materials for manufactured goods...
State's policymakers for Europe are more cautious. They are inclined to agree with Foreign Operations Administrator Harold Stassen, who claims that European allies like Britain, France and Germany must be able to trade behind the Iron Curtain if their economies are to be kept healthy. To this the Far Eastern experts reply: "We are not positive that such tightened blockades would aggravate Communist troubles, but we think that such a course offers more possibility of developing friction among Communist countries than will ever be developed by trading with them...