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From International Socialist Review, Vol.19 No.3, Summer 1958, p.75.
Transcription & mark-up by Einde O’Callaghan for ETOL.
In response to a question at his press conference May 28 on whether he sees a “perceptible start” toward economic revival, President Eisenhower offered the following opinion, which we wish to commend for its accurate reflection of the thinking of the monopolists who run the country:
“Well, I say this. This is certain of the little, of the indices that look that way, but just as one swallow doesn’t make a summer, I am certainly not going to take, show that a slacking off of the new applications for unemployment insurance and all that sort of thing, that those do not yet, to my mind, warrant a flat prediction that now we are on the upper leg. I want to see a few more things to happen. I say that we are weathering it well, and I believe of course that the prior boom had a great deal, had a lot to do with the recession. Now I think it has largely spent its force. I certainly pray so.”
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Last updated on: 29 April 2009