Above all this was, to the minds the President's critics, the absurdity of supposing that business (grasping and greedy) was deliberately ruining itself to embarrass an Administration it disliked and bring eboug its overthrow in three years time. This was in the words of Pr fessor Moley, once the President's leading adviser, equivalent to assuming that "hara kiri is a national custom and businessmen generally are willing to precipitate a depression despite the well-known fact that only demagogues can profit from one.
But it is perhaps unfair to look upon th on business as scientific analyses. They were more in the nature of works of art, designed to evoke a particular emotional response from the general public: and in this they were brilliantly successful, They restored to the Administration the appearance of leadership and put the enemy on the defensive. Business men might feel thet it was absurd themselves ven They had scarcely any time to think. They protested feebly that the ch ges were unfounded. but their were dr the galloping of a new The Presidents wide of the use radio in conducting his counter-offendeliberate. The Press. or
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