Abstract

Roosevelt's Next Move

This article focuses on strategies of U.S. president Franklin D. Roosevelt to deal with depressions. The author says that Mr. Roosevelt has been shrewd enough to keep both roads open--that of further conciliation of business and that of drastic governmental action. It is beginning to look as if he might in time take the second. Another factor is the sharp reaction here to the fantastic stupidities of the speeches and resolutions at the convention in New York of the National Association of Manufacturers. The author says that the best opinion here holds that the President is waiting for certain trends to crystallize before taking action. He is waiting for a sense of the Congressional futility to sink in on people. He is waiting also for reactions to his newly acquired austerity about budget-balancing.