If the general tone of the speech was more left than right that was because there had been too much said in the proceeding weeks of the President's "swing to the right" The eft. were, therefore, placated by 2 confession that the New Deal had not yet succeeded in putting down the mighty from their seats aer in exalting the humble and meek, or as the President paraphrazed "we have not weeded out the over-privileged and we have not effectively lifted up the under-privileged." The immediate reaction of the stock market to the speech was down, but later reflection will probably reverse the trend.
And now to turn to questions of foreign policy and ask, "Does America fear war?" The question is a pertinent one for two recent actions taken by the Administration have a direct beating upon America's course of action should hostilities break out.
"The frst was the unexpected creation of a special committee to discuss legislation which would "take the only permited excessive. proto. be made by "manufacturers chen he" was 'Chairmaly of the, Wat Todutree 'Board. but. was of ne Trely guilders of prodtrering' hin: Sit" 1m the end te Presidents for' compromise, will no doubt re-Conclie the two. groupe, and alnly sponsored iegtaton will be' sub-ited to Congress Texcesive profs are not to be made ut of wars in which Amerza Fored? is engaged iis obviously gla fo tua that proto be made ul'el ware in which other nations fe engaged. In other words one the chiot seasons for insisting upon Freedom of the' Sess "so longer fall "Ove. of" the points which Senator "Nye. ints "upon i that merican munitions makers, chemical ttansfsctrers end sel manufactrfee encourage and. foment foreign Siao booze of the pros which ney make wien nations fear each ter snd ple up armaments and the partie which they would make when Enkons meat te war' insutence upon the doctrine of Fresdam of the Sous fcsures them that mey wil Be abe 'o'make proto and thatthe mph
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