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From International Socialist Review, Vol.19 No.3, Summer 1958, p.78.
Transcription & mark-up by Einde O’Callaghan for ETOL.
When questioned by reporters April 23 about his prediction of an economic upturn in March, President Eisenhower replied:
“... I must say this: That I am not trying to be a Pollyanna and just say, ‘Everything is lovely, and that’s that.’ There is still a lot of agonizing reappraisal every day, if you’re going to stay on the job here. Now, people come in and blithely say, ‘Have a tax cut.’
“Well, no one starts – stops to think about this: Defense is expensive, and is growing more expensive, and we have got to be ready to pay those defense costs for the next forty, fifty years, possibly ...
“So, I say: You have got to look down the road.”
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